You have been hired by an international company to do research.Which macro environmental factor will you need to emphasize in your work?a.)Environmentalistsb.)Suppliersc.)Globalizationd.)Employees
Question
You have been hired by an international company to do research.Which macro environmental factor will you need to emphasize in your work?a.)Environmentalistsb.)Suppliersc.)Globalizationd.)Employees
Solution
c.) Globalization
This is because globalization is a macro environmental factor that affects international businesses. It refers to the integration and interaction among people, companies, and governments worldwide. Factors such as trade policies, cultural exchange, technology transfer, economic cooperation, and political relations are all part of globalization. These factors can have a significant impact on an international company's operations, strategies, and success.
On the other hand, environmentalists, suppliers, and employees are more micro environmental factors as they directly relate to the immediate operational context of an organization.
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