BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -What Is an Example of a Macro Environment? Political factors are an example of a macro-environmental force that can impact a business. These include laws or government regulations governing companies or the industry in which they operate.

Detailed explanation-2: -The political-legal environment is a combination of a lot of factors such as the current political party in power, the degree of politicization of trade and industry, the efficiency of the current government, government policies, current legal framework, the public attitude towards the economy, etc.

Detailed explanation-3: -Although there are various approaches to complete an analysis of the macro environment forces affecting your business, I will focus on seven (7) distinct forces: competitive, cultural, demographic, economic, natural/physical, political, and technological.

Detailed explanation-4: -Six components of macro environment are Demographic, Economic, Natural, Technological, Political and Cultural environments. Demography can be defined as the study of human population in context of size, density, age, location, gender, race, occupation and other statistics.

Detailed explanation-5: -The macro environment comprises a range of external factors-demographic, physical, natural, economic, technological, political, legal, and socio-cultural conditions.