- 6 Marks
BMIS – Nov 2024 – L1 – Q2b- Types of Organisations
Explain three economic factors that influence opportunities or threats organizations may face.
Question
The macro-environment contains several conditions and factors that systematically present opportunities or pose threats to organisations in their effort to gain competitive advantage. The factors in the macro-environment for the purpose of effective analysis are grouped using PEST model which represents political, economic, socio-cultural, and technological factors. Understanding these factors will influence the kind of strategies business organisations would formulate.
Required:
Explain THREE economic factors which determine the nature of opportunities or threats that organisations may face.
Find Related Questions by Tags, levels, etc.
Report an error