BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT part of a company’s macro-environment?
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The company’s resource strengths, weaknesses and competitive capabilities.
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Economic factors.
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Political and Socio-Cultural factors.
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Technological factors and Legal conditions.
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Explanation:
Detailed explanation-1: -Macro environment is the environment which is external to the business. It deals with the PESTLE effect. These are Political, Economical, Social, Technological, Legal and Environmental. Hence, competitive forces are not a part of macro environment.
Detailed explanation-2: -Technology is not part of the micro environment.
Detailed explanation-3: -Macro Environmental factors Six components of macro environment are Demographic, Economic, Natural, Technological, Political and Cultural environments.
Detailed explanation-4: -In general, the macro environment includes trends in the gross domestic product (GDP), inflation, employment, spending, and monetary and fiscal policy.
There is 1 question to complete.