BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Socio-cultural
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Scientific
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Technological
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Economic
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Political
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Detailed explanation-1: -It includes demographics, politics, legislation, economy, technology, ecology, and socio-cultural factors.
Detailed explanation-2: -Political factors in the macro environment include taxation, tariffs, trade agreements, labour regulations, and environmental regulations.
Detailed explanation-3: -Political factors include government policies, leadership, and change; foreign trade policies; internal political issues and trends; tax policy; regulation and de-regulation trends.
Detailed explanation-4: -Forces of Macro-environment: Economic environment. Political environment. Demographic environment. Social-cultural environment.
Detailed explanation-5: -They include, but are not limited to: Political regime and stability. Freedom of the press, rule of law, bureaucracy, corruption. Existing legislation around employment, environment and property protection. Security control.