BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -There are 5 common terms in macroeconomics that are considered in aggregate: output, gross domestic product ( GDP ), production, income, and expenditures.
Detailed explanation-2: -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. Macro environment factors impact decision-making, strategies, and growth of a business.
Detailed explanation-3: -Macro Environmental factors It comprises of forces that provide opportunities, but at the same time also pose threats to company. Six components of macro environment are Demographic, Economic, Natural, Technological, Political and Cultural environments.