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The microeconomic enviornment consists of the components of the business world, employer, employee and the immediate business enviornment. Activities the business has a great degree of control over
The market enviornment comprises the business world of supplier, consumer and the buying and selling enviornment that surrounds the business. The business has a lesser control over activities in this enviornment.
The macroenviornment is made up of the political, economic, social and technological,(PEST) to name but a few.
Actions in the macro enviornment impact and filter down to the micro enviornment impacting on the business emploer/employee relationship and profit margins. Decisions made in the macro enviornment like the political changes of government policies, impact on the market and the micro enviornment.
But this inter-relatedness works both ways. Actions in the micro environment like the unionisation of employees, by the sheer force of numbers can impact on chaning government and political policies like the unions becoming part of the decision making process in government
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no
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micro environment and macro envirnment players in the case of watson?
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no
What is the difference between micro and macro economist?
A micro economist studies the market and companies while a macro economist studies the economy on a national or international scale.
What is The difference between micro marketing and macro marketing?
Micro marketing is a market which is related to small market business is called micro marketing.Macro marketing is a market which is telling about huge market means it hibernation l market
What are the relationships between macro and micro environment in Nigeria marketing system?
Ggv
