This essay has been submitted by a student. This is not an example of the work written by professional essay writers.
Uncategorized

Macro-Environment

Pssst… we can write an original essay just for you.

Any subject. Any type of essay. We’ll even meet a 3-hour deadline.

GET YOUR PRICE

writers online

The macro-environment is those external forces and factors which are not controlled by a company that affects its development. This macro-environment are; Demographic, economic, technological, and political environments. In demography, the population of human considering their location, gender, occupation, race, size and other statistics is discussed. For example, lower-income people may prefer buying discount products; thus, for a company to succeed, the population should be divided into different market segments. Economic environments are macro factors such as wealth, income level and nature of the economy that affect the buying power of consumers and their spending. A change in customers buying pattern leads to a change in buying and spending behaviour. Technological factors affect marketing in a way that a change in technology leads to opportunities such as improvement of products and creation of new products which will expand markets and increase profits. Political environments such as public policies, actions by government, and government legislation affect marketing whereby marketers pay a lot of attention to judge how actions by the government affect their company.

The first strategy to encourage customers is by celebrating the most loyal ones in social media by making them feel special for their support. The second is repeating business programs with rewards and keep giving your customers a reason to come back.

Reference

Mkalama, R. N. (2014). Top management demographics, strategic decision making, macro-environment and performance of Kenyan state corporations (Doctoral dissertation, University of Nairobi).

  Remember! This is just a sample.

Save time and get your custom paper from our expert writers

 Get started in just 3 minutes
 Sit back relax and leave the writing to us
 Sources and citations are provided
 100% Plagiarism free
error: Content is protected !!
×
Hi, my name is Jenn 👋

In case you can’t find a sample example, our professional writers are ready to help you with writing your own paper. All you need to do is fill out a short form and submit an order

Check Out the Form
Need Help?
Dont be shy to ask