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Gucci is influenced by several macro environmental factors, including economic conditions that affect consumer spending and luxury goods demand. Social trends, such as increasing consumer awareness of sustainability and ethical fashion, also impact the brand's strategies. Additionally, technological advancements influence marketing and e-commerce strategies, while political factors, including trade regulations and tariffs, can affect international operations and supply chains. Lastly, cultural shifts and global events, like the COVID-19 pandemic, can alter consumer behavior and preferences.
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Micro and macro environmental factors that affect Ben Sherman?
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Analyze how macro environmental factors impact industrial relations system in a country?
Macro environmental factors are the external factors that affect businesses generally. These affect all parts of a business, and this includes relations with employees. Inflation drives demands for higher wages, availability of other higher paying work reduces the availability employees.
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