Explain the enviromental factors of: a) Macro b) Market c) Micro

Question

Question

Explain the enviromental factors of:

a) Macro

b) Market

c) Micro

Answer 1

Answer #1

Macro

demographic forces : markets should be much alert on demographic including population size, age, gender etc.
Economic forces: It affects consumer purchasing power and the pattern of spending.
Political Forces : They political problems are a limitation in every business since they start creating issues over things that concern to the society.
Technological Forces: AS the technology changes it will force the market to produce new products as per the new change.

Micro

Market

Answer 2

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