Commerce Exam  >  Commerce Questions  >  Macro environment is also known as _________?... Start Learning for Free
Macro environment is also known as _________?
  • a)
    direct environment
  • b)
    indirect environment
  • c)
    competitive environment
  • d)
    social environment
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Macro environment is also known as _________?a)direct environmentb)ind...
Macro Environment: Indirect Environment

The macro environment refers to the external factors that affect the overall functioning of a business. It is also known as the indirect environment as it consists of external factors that are beyond the control of businesses. The macro environment includes political, economic, social, technological, environmental, and legal factors (PESTEL analysis).

Political Factors: These factors refer to the government policies and regulations that affect businesses. For instance, taxes, trade agreements, and political stability.

Economic Factors: These factors refer to the economic conditions of a country or region. For instance, inflation, GDP, interest rates, and exchange rates.

Social Factors: These factors refer to the cultural and societal norms that affect businesses. For instance, demographics, lifestyle, consumer behavior, and education levels.

Technological Factors: These factors refer to the advancements in technology that affect businesses. For instance, automation, artificial intelligence, and digital transformation.

Environmental Factors: These factors refer to the environmental issues that affect businesses. For instance, climate change, pollution, and sustainability.

Legal Factors: These factors refer to the laws and regulations that affect businesses. For instance, labor laws, intellectual property rights, and consumer protection laws.

Conclusion:

The macro environment is an important aspect that businesses need to consider while making decisions. It helps businesses to understand the external factors that affect their operations and to adapt accordingly. By analyzing the macro environment, businesses can identify opportunities and threats, and develop strategies to stay competitive in the market.
Free Test
Community Answer
Macro environment is also known as _________?a)direct environmentb)ind...
Macro environment is also known as- general environment or remote environment. Macro environment refers to the general environment that originates outside the organization and affects the business operations indirectly and the businessman has no control over these forces.
Explore Courses for Commerce exam

Top Courses for Commerce

Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer?
Question Description
Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Macro environment is also known as _________?a)direct environmentb)indirect environmentc)competitive environmentd)social environmentCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev