BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Macro environment refers to the general environment that originates outside the organization and affects the business operations indirectly and the businessman has no control over these forces. It includes social environment, political environment etc.

Detailed explanation-2: -The macro-environment can be affected by GDP, fiscal policy, monetary policy, inflation, employment rates, and consumer spending. The state of the macro environment affects business decisions on things such as spending, borrowing, and investing.

Detailed explanation-3: -In short, Macro Environment factors are the factors that are beyond for the organization to control. An organization can change its policies considering the macro environment conditions that can affect the business but cannot change the macro environment conditions itself.

Detailed explanation-4: -Macro environment is the remote environment of the firm, i.e the external environment in which it exists. As a rule this environment is not controllable by the firm, it is to huge and to unpredictable to control.

Detailed explanation-5: -Micro Full control Businesses have full control over all the features/elements/components of the micro environment. E.g. A business determines its own mission, organisational structure and resources.