GENERAL KNOWLEDGE

Detailed explanation-1: -Major external and uncontrollable factors that influence an organization’s decision making, and affect its performance and strategies. These factors include the economic, demographics, legal, political, and social conditions, technological changes, and natural forces.

Detailed explanation-2: -Although there are various approaches to complete an analysis of the macro environment forces affecting your business, I will focus on seven (7) distinct forces: competitive, cultural, demographic, economic, natural/physical, political, and technological.

Detailed explanation-3: -1] Socio-Cultural Environment. Browse more Topics under Introduction To Business Environment. 2] Technological Environment. 3] Economic Conditions of the Market. 4] Ecology and Physical Environment. 5] Political and Legal Factors.

Detailed explanation-4: -Economic environment. Political environment. Demographic environment. Social-cultural environment. Technological environment. Ecological environment.