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Questions and Answers
Which of the following best describes a macro environment?
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?
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?
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?
What are some examples of factors included in the macro environment?
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How do changes in the macro environment impact banks?
How do changes in the macro environment impact banks?
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