Mastering the Macro Environment

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Questions and Answers

Which of the following best describes a macro environment?

  • The economic events that have an impact on businesses
  • The analysis of political, economic, social, technological, legal and environmental factors (correct)
  • The condition that exists in a particular sector or region of the economy
  • The trends in gross domestic product, inflation, employment, etc.

What type of changes in the macro environment occur gradually over a period of time?

  • Changes in gross domestic product, inflation, employment, etc.
  • Changes in political and economic events
  • Changes in digitization in banking (correct)
  • Sudden changes that cause an immediate shift in the economic or political landscape

What is the purpose of using a PESTLE framework in analyzing the macro environment?

  • To analyze trends in gross domestic product, inflation, employment, etc.
  • To evaluate the condition that exists in a particular sector or region of the economy
  • To assess the impact of political, economic, social, technological, legal, and environmental factors on a business (correct)
  • To consider the impact of political and economic events on businesses

What are some examples of factors included in the macro environment?

<p>Gross domestic product, inflation, employment, etc. (D)</p> Signup and view all the answers

How do changes in the macro environment impact banks?

<p>They require banks to reconsider the way they operate (B)</p> Signup and view all the answers

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