Which of the following is NOT a component of the macro environment in business?

1 question

1 item

Q: Which of the following is NOT a component of the macro environment in business?

Solution: Company culture is an internal factor, while the macro environment consists of external factors.

Steps: 5

Step 1: Understand what the macro environment in business means. It includes external factors that can affect a business, like the economy, laws, and social trends.
Step 2: Identify the components of the macro environment. These are things like political factors, economic conditions, social influences, technological changes, environmental factors, and legal regulations.
Step 3: Recognize what internal factors are. These are aspects that are within the company, such as company culture, employee behavior, and internal policies.
Step 4: Compare the options given in the question. Look for the one that describes an internal factor rather than an external one.
Step 5: Conclude that company culture is NOT part of the macro environment because it is an internal factor.