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What are four macro environmental factors the impact on business environment?
Wiki User
∙ 14y ago
Economy
- GDP per capita
- economic growth
- unemployment]] rate
- inflation]] rate
- consumer and investor confidence
- inventory levels
- currency exchange rates
- merchandise trade balance
- financial and political health of trading partners
- balance of payments
- future trends
- political climate - amount of government activity
- political stability and risk
- government debt
- budget deficit or surplus
- corporate and personal tax rates
- payroll taxes
- import tariffs and quotas
- export restrictions
- restrictions on international financial flows
- minimum wage laws
- environmental protection laws
- worker safety laws
- union laws
- copyright and patent laws
- anti- monopoly laws
- Sunday closing laws
- municipal licences
- laws that favour business investment
- efficiency of infrastructure, including: roads, ports, airports, rolling stock, hospitals, education, healthcare, communication, etc.
- industrial productivity
- new manufacturing processes
- new products and services of competitors
- new products and services of supply chain partners
- any new technology that could impact the company
- cost and accessibility of electrical power
- ecological concerns that affect the firms production processes
- ecological concerns that affect customers' buying habits
- ecological concerns that affect customers' perception of the company or product
- demographic factors such as:
- population size and distribution
- age distribution
- education levels
- income levels
- ethnic origins
- religious affiliations
- attitudes towards:
- materialism, capitalism, free enterprise
- individualism, role of family, role of government, collectivism
- role of church and religion
- consumerism
- environmentalism
- importance of work, pride of accomplishment
- cultural structures including:
- diet and nutrition
- housing conditions
- Labour supply
- quantity of labour available
- quality of labour available
- stability of labour supply
- wage expectations
- employee turn-over rate
- strikes and labour relations
- educational facilities
- Material suppliers
- quality, quantity, price, and stability of material inputs
- delivery delays
- proximity of bulky or heavy material inputs
- level of competition among suppliers
- Service providers
- quantity, quality, price, and stability of service facilitators
- special requirements
Wiki User
∙ 14y ago
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