Q.1) Explain How Macro Environmental Factor Affect International Business Product With An Example. There are many factors in the macro-environment that will affect the decisions of the managers of any organization. Tax changes‚ new laws‚ trade barriers‚ demographic change and government policy changes are all examples of macro change. To help analyze these factors managers can categories them using the PESTEL model. This classification distinguishes between: Political factors: These refer to
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The Macro-environment The macro-environment includes concepts such as demography‚ economy‚ natural forces‚ technology‚ politics‚ and culture. Demography refers to studying human populations in terms of size‚ density‚ location‚ age‚ gender‚ race‚ and occupation. This helps to divide the population into market segments which can be beneficial to a marketer in deciding how to tailor their marketing plan to attract that demographic. The economic environment refers to the purchasing power of
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Macro environment Our product and all of the other actors operate in a large macro environment of forces that shape opportunities and pose threats to the company is known as macro environment. Six largely uncountable external forces influence our product’s marketing activities. And also it influences decision making‚ and affect its performance and strategies. These factors include the economic‚ demographics‚ legal‚ political‚ and social conditions‚ technological changes‚ and natural forces Elements
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MICROENVIRONMENT Micro environment means the environment with in the organization/company which is totally under the control. a. The company itself (including departments). b. Suppliers. c. Marketing channel firms (intermediaries). d. Customer markets. e. Competitors. f. Publics. 1. The Company’s Microenvironment a. The Company The first factor is the company itself 1). Top management is responsible for setting the company’s mission‚ objectives‚ broad strategies‚ and policies
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What Is Macro Environment? The major external and uncontrollable factors that influence an organization’s decision making‚ and affect its performance strategies. These factor includes the economic factors; demographics; legal; political‚ and social conditions; technological changes; and natural forces. Macro environment factors are beyond the control of an organization. This is because those factors are positioned outside the organizational system. Those forces are the prime factors in corporate
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edu/faculty/gbowling/survey/MicroeconomicsVsMacroeconomics-Macro.html • Gottheil‚ Fred M.‚ and Wishart‚ David. (1997). Principles of Economics with Study Guide. Cincinnati: South-Western College Publishing. • "Macroeconomics/Microeconomics." Encyclopedia of Business and Finance. Ed. Allison McClintic Marion. Gale Cengage‚ 2001. eNotes.com. 2006. 20 Nov‚ 2009 • McCrane‚ Jim. “Macro vs. Microeconomics: How Do The Courses Compare?” ----------------------- [1] Source->
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Towards a National Child Labour Action Programme for South Africa Discussion Document October 2002 Discussion document Prepared for the Department of Labour by Dawie Bosch & Associates Funded by the International Labour Organisation’s (ILO) International Programme on the Elimination of Child Labour (IPEC) for use in the consultative process towards a national child labour programme for South Africa. Core team members Dawie Bosch‚ Debbie Budlender‚ Sam Tshabalala
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the resulting testing macroeconomic environment. The Recession A recession will often occur when inflation grows rapidly; goods become more expensive at a time when consumers have less money to spend. As consumers spend less money‚ supply begins to exceed demand within the markets. This causes businesses to produce less of their goods‚ and so require less staff. The unemployment that results from this creates a situation whereby people do not trust the markets and have less money‚ so stop spending
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11/7/2011 SCHOOL OF PETROLEUM MANAGEMENT South Africa: A Cross Cultural Approach Managing Cross Cultural Issue (MCCI) | ABHIK TUSHAR DAS (EMBA10)‚ NITIRAJ RAJPUT (PGP10)‚ VIRAL NORIYA (PGP10) School of Petroleum Management‚ Pandit Deendayal Petroleum University‚ Gandhinagar‚ Gujarat‚ India. Managing Cross Cultural Issues Contents: 1. Population of the country; its influence in terms of PPP (Purchasing Power Parity) and GDP (Gross Domestic Product) 2. Political turmoil history and
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“Economics has never been a science - and it is even less now than a few years ago.”…Paul Samuelson INTRODUCTION Economics is the social science that analyzes the production‚ distribution‚ and consumption of goods and services. A focus of the subject is how economic agents behave or interact and how economies work. A given economy is the result of a process that involves its technological evolution‚ history and social organization‚ as well as its geography‚ natural resource endowment‚ and ecology
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