logo

Micro and Macro Environmental Factor : Assignment

6 Pages1371 Words424 Views
   

Added on  2020-10-05

Micro and Macro Environmental Factor : Assignment

   Added on 2020-10-05

ShareRelated Documents
Context ofBusiness 1
Micro and Macro Environmental Factor : Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3Main body...................................................................................................................................3Micro environmental factor.........................................................................................................3Macro environment ....................................................................................................................4Why organization and individual need to manage responsibly, sustain-ably and behaveethically in relation to social, cultural, economic and environmental issues..............................5CONCLUSION................................................................................................................................6REFERENCES ...............................................................................................................................6
Micro and Macro Environmental Factor : Assignment_2
INTRODUCTIONThe success of every business organization is largely depends upon its adaptability to theenvironment. Business environment includes the external environment which includes variousfactors which can be defined as the outside opportunity and threat for the firm. Externalenvironment involves various factors such as supplier, customer, marketing intermediates public,technological. Social and legal factors which affect the growth of the modern business in theglobal environment(Miller and Holstein, 2017). This assignment identifies the various micro andmacro environmental factor which affect the nature of the modern business in the globalenvironment. It also defines that why individual and organization need to manage responsibly,sustain-ably and behave ethically in relation to social cultural economic and environmentalissues. Main bodyMicro environmental factorIt includes various element which are controlled by the management. It refers to theenvironment which is directly related business organization and can affect the routine activitiesof the business firm. It is a collection of all forces that are close to the business organization andalso affect the day to day operations of the company. It includes the supplier, competitor,customer and marketing intermediaries(Ahokanga and et.al., 2016). CompetitorsIt includes those organizations who sell same product and services as your organizationproduce, are your market competitors. The most important competition which affect the nature ofthe business firm at very large extent in the global environment such as companies productwhich is also sold by other company at competitive price in the market place. The success of theevery business organization is largely depends upon its ability to satisfy the need and wants ofthe consumers.Market intermediariesIt refers to those business firms which helps in promoting, selling and distributing thegoods to the ultimate consumers. The manufacturer produces the product in the most costeffective methods of intermediaries to reach the product to consumers which helps in increasingthe profitability of the firm.
Micro and Macro Environmental Factor : Assignment_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Macro and Micro Environmental Factor Assignment
|6
|1439
|176

Macro and Micro Environmental Factor: Essay
|7
|1498
|135

Macro and Micro Environmental Factor Essay
|7
|1498
|29

Micro & Macro Environmental Factors
|7
|1520
|317

Micro and Macro Environmental Factors (Doc)
|7
|1309
|239

Micro and Macro Environmental Factors in Global Environment : Assignment
|8
|1458
|276