This document is Marketing Mix Report Template It is part of the supporting assessment resources for Assessment Task 3 of BSBMKG501/502 Cluster.4. Determination of the final marketing mixExternal environmental factors that may impact on the selected marketing mix, for example, economic conditions, the political or legal environment?-The Competitive EnvironmentCompetitors are those who sell the goods and services of the same and similar description, in the same market. Apart from competition on price, there are like product differentiation. Therefore, it is necessary to build an efficient system of marketing. This will bring confidence and better results.Effect of identified environmental factors on the marketing mix? -Macro Environment: oDemographic Forces: Here, the marketer monitor the population because people forms markets. Marketers are keenly interested in the size and growth rate of population in different cities, regions, and nations;age distribution and ethnic mix; educational levels; households patterns; and regional characteristics and movements.oEconomic Factors:The economic environment consists of macro-level factors related to means of production and distribution that have an impact on the business of an organization.