BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The macro-environment refers to the broader condition of an economy as opposed to specific markets. The macro-environment can be affected by GDP, fiscal policy, monetary policy, inflation, employment rates, and consumer spending.

Detailed explanation-2: -Macro environment is also known as-general environment or remote environment. 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.

Detailed explanation-3: -The economic environment consists of external factors in a business market and the broader economy that can influence a business.

Detailed explanation-4: -A macro environment refers to the overall, broader economy and the forces affecting it versus a microenvironment, which focuses on a specific sector or region’s economy. There are macroeconomic conditions or factors that affect how all businesses operate, which, in turn, affect the economy as a whole.

Detailed explanation-5: -Macro environment refers to the external forces within an economy. Macro environment factors like inflation, fiscal policy, monetary policy, consumer spending, GDP, and employment rates considerably affect business operations. Governments and institutions strategize policies based on these factors.