Business Sectors and Their Environments (Grade 12 NSC Matric Business Studies): Flashcards
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3 business environments
3 business environments
Micro, market, macro
3 characteristics of business environments
3 characteristics of business environments
Dynamic, multifaceted, interdependent
Control level in micro environment
Control level in micro environment
Full control
Control level in market environment
Control level in market environment
Some control
Control level in macro environment
Control level in macro environment
No control
PESTLE acronym in macro environment
PESTLE acronym in macro environment
Political, Economic, Social, Technological, Legal, Environmental
Micro environment focus
Micro environment focus
Internal - everything inside the business
Market environment location
Market environment location
External but close - immediately outside business
Macro environment scope
Macro environment scope
Broad external forces affecting all businesses
Control pattern moving outward from business
Control pattern moving outward from business
Decreases: full → some → no control