This document discusses the marketing environment and its impact on the Velvet brand. It identifies the microenvironment elements of suppliers, marketing intermediaries, competitors, publics, and customers. It then examines how macroenvironmental factors such as demographic trends, economic conditions, technology, and regulations impact the brand. A SWOT analysis identifies opportunities for Velvet such as line extensions and entering new markets, but also threats from growing competition and increasing bargaining power from customers and retailers.