BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economic
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Social
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Technological
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Political
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Detailed explanation-1: -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-2: -Six components of macro environment are Demographic, Economic, Natural, Technological, Political and Cultural environments.
Detailed explanation-3: -Solved Question on Macro Environment Economic environment is the sum of all economic factors of a market such as interest rate, disposable income, percentage increase in GDP, exchange rate etc.
Detailed explanation-4: -Macroeconomic factors include fiscal policy, economic output, unemployment rates, and inflation.
Detailed explanation-5: -One method used to analyze trends in the macro environment is the PEST (political, economic, social, technological) analysis. Some variations of the PEST analysis method add additional categories for the legal and ecological environments, and may be referred to by other acronyms such as STEEP or PESTEL.