Challenges of the Macro Environment (Grade 11 NSC Matric Business Studies): Flashcards

Broader external factors affecting all businesses in economy

Money consumers have left after deductions like taxes

Creates uncertainty, scares investors, slows economic growth

Small loans to people unable to access traditional bank credit

Businesses compete with international companies for customers

Selling products at very low prices to gain market share

Skilled workers migrating to other countries for better jobs

Beliefs, norms, and attitudes shared by people in society

Population characteristics like age, gender, income, education

Law protecting consumers from unfair business practices