please explain and give example for each steps of each diagram. thank you so much

MKTG 3000 Midterm Exam #1 Study Guide (Chapters 1-9) Please draw a diagram and explain and give an example following concepts in detail. 1. Fig. 2.2: Element of External Environment Technological Environment Economic Environment Indicators of economic health . Level of economic development Business cycle Political/Legal Environment - National laws of commerce International regulations Regional agreements Political stability Regulatory Issues Human rights issues Decisions in the Domestic Decisions in the Global Market Market Target market What markets to enter Product decisions level of commitment . Price decisions How to adapt Promotion decisions marketing strategies Distribution decisions Competitive Environment Competition in the microenvironment Competition in the macroenvironment Sociocultural Environment Demographics Values Social norms Xenocentrism Ethnocentrism Figure 3.2 Steps in Strategic Planning Step 1: Define and Articulate the Mission, Vision, and Values Step 2: Evaluate the Internal and External Environment Step 3: Set Organizational or SBU Objectives Step 4: Establish the Business Portfolio Step 5: Develop Growth Strategies