how do macro environment forces provide opportunities and pose threats to a company
Answers
Answer:
There are many macro economic factors which tend to bring about some advantages and disadvantages for businesses,
For instance,
1- Technology: If there are some technological advancements that could help in achieving technological economies of scale for the company. This would replace labor with capital, making efficiency rise and cost will be cut.
However, the disadvantage would be bad reputation in market if too many people get laid off from work. Or difficult to train employees to handle the new high tech machinery.
2-politics: If government loosens the reigns on corporate tax and deals, means more profit. Or if government increases minimum wage rate and tightens grip on consumer social responsibility that would mean more rules to follow for the company.