In 1998, California passed a bottle bill that refunds money back to the consumers when they recycle their containers. This is an example of regulatory factor in Marketing.
Regulations defines the control the government has over each and every aspect of the state well fare.
These regulation are put in place in order to protect both the natural environment and the lives of the citizens.
For instance, California passed a bottle bill that refunds money back to the consumers when they recycle their containers, this type of regulation is aimed at protecting the environment from the dangers caused by plastics and also provides and incentives to consumers through refunds.
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