
Macro Environment and How Businesses Respond to Change
Authored by Dexter Lim
Business
10th Grade
Used 15+ times

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27 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The macro environment refers to the broad, (a) external factors that influence a company's operations and strategic decisions.
2.
CATEGORIZE QUESTION
3 mins • 1 pt
Categorise these macro environmental factors
Groups:
(a) Socio-cultural
,
(b) Technological
,
(c) Economic
,
(d) Environmental
ecofriendly packaging
exchange rates
the move away from plastic
changes in consumer preferences
use of robotics
artificial intellegence
population lifestyle changes
interest rates
tap and go payments
sustainable manufacturing
unemployment
inflation
attitudes in society
3.
CATEGORIZE QUESTION
3 mins • 1 pt
Categorise these macro environment factors
Groups:
(a) Political
,
(b) Legal
,
(c) Ethical
corruption
employment legislation
taxation
confidentiality
government grants
copyright laws
bribery
consumer protection legislation
government regulations
anti-discrimination laws
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Socio-cultural factors exclusively consider social influences and their effects on a business.
True
False
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Technological factors are the influence of (a) in technology that can affect a business.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic factors are
how governmental actions and policies impact business operations, strategies, and overall performance
laws or legal actions that impact a business’s rights, responsibilities and operations
the combined influence of factors such as inflation, unemployment, interest rates, wages, exchange rates and consumer confidence on a business
the positive or negative outcomes from following or ignoring moral values in decisions and actions.
7.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Environmental factors are the influence of environmental and (a) issues on the way businesses operate.
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