At a glance
(South Africa )
Components and features of the macro environment:
>the macro environment is also known as the external environment
>the macro environment consists of seven aspects:
-the physical/natural environment
-the economic environment
-the social/cultural environment
-the technological environment
-the legal and political environment
-the institutional environment
-the international/global environment
the different environments in the macro environment are all closely related.
A change in one environment will lead to changes in the other environments.