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Market environment essay grade 10

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A macro environment is the condition that exists in the economy as a whole, rather than in a particular sector or region. In general, the macro environment includes trends in the gross domestic product GDP , inflation, employment, spending, and monetary and fiscal policy. The macro-environment is closely linked to the general business cycle as opposed to the performance of an individual business sector. The macro-environment refers to how the macroeconomic conditions in which a company or sector operates influences its performance. Macroeconomics deals with aggregate production, spending, and the price level in an economy as opposed to individual industries and markets. The amount of the macro environment's influence depends on how much of a company's business is dependent on the health of the overall economy.
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Essay: Market environment

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The marketing environment

Micro environment is a small force within the company that affect its ability to serve its customers. Macro environment is a larger societal force that affect the microenvironment. There are always a number of external factors that affect customers, and if a marketing team is good they will take all of them into consideration. Demographics: Defined as: The characteristics of human populations and population segments, especially when used to identify consumer markets.
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