A Company's "Macro-Environment" Refers to

question 71

Multiple Choice

A company's "macro-environment" refers to

• A) the industry and competitive arena in which the company operates.
• B) general economic conditions plus the factors driving change in the markets where a company operates.
• C) all the relevant forces and factors outside a company's boundaries-general economic conditions, population demographics, societal values and lifestyles, technological factors, governmental legislation and regulation, and closer to home, the industry and competitive arena in which it operates.
• D) the competitive market environment that exists between a company and its competitors.
• E) the dominant economic features of a company's industry.

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Definitions:

Social Equality

A state in which all individuals within a society have the same status in certain respects, including civil rights, freedom of speech, property rights, and equal access to certain social goods and services.

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A state where an individual feels separated or detached from others, leading to feelings of loneliness and lack of emotional support.

Louis Wirth

A sociologist known for his work on urban sociology and for defining urbanism as a way of life.

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How people conduct themselves and react in the context of social interactions.