Components of the Macro Environment (Grade 10 NSC Matric Business Studies): Quizzes

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Components of the Macro Environment
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What does the acronym PESTLE stand for in business studies?

Political, Economic, Social, Tech, Legal, Env

How many key components make up the macro environment?

Ten components

Which macro environment component shows the fastest changes?

Technological environment

What is inflation?

A general increase in prices reducing money's value

How many official languages does South Africa have?

Eleven languages

What does sustainability mean in the physical environment?

Using resources without harming future generations

What are multinational corporations?

Large firms operating in multiple countries

Which revolution has the technological environment started?

Fourth Industrial Revolution

What is an exchange rate?

The value of one currency vs another currency

Which is an example of a political environment factor?

Government tax policy changes

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