Economic Factors – NBC Institute

BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment

State and explain five economic factors that influence opportunities or threats for organizations in the macro-environment.

Question

4. (b) The macro-environment contains several conditions and factors that systematically present opportunities or pose threats to organizations in their effort to gain competitive advantage. The factors in the macro-environment for the purpose of effective analysis are grouped using the PEST model, which represents political, economic, socio-cultural, and technological factors. Understanding these factors will influence the kind of strategies business organizations would formulate.

Required:
State and explain FIVE (5) economic factors which determine the nature of opportunities or threats that organizations may face.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Strategy, Competitive Advantage, Economic Factors, Macro-Environment, PEST Analysis
Level: Level 1

Topic: Competitive forces and markets, Introduction to Business Strategy, The external environment
Series: NOV 2019

BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

Question

Vagen Ltd, a German automobile manufacturer, has completed building an assembly facility in Ghana to manufacture and sell vehicles in Ghana and in other African countries. For the company to gain a foothold in the African market, it carefully applied the penetration pricing strategy and developed clear mission and vision statements to facilitate successful operations in this new market.

Required:
a) Identify FIVE (5) benefits the company would derive from the penetration pricing strategy. (5 marks)
b) Explain the difference between the company’s mission and vision statements. (5 marks)
c) Explain FIVE (5) economic factors that might have influenced the management of the company to locate the assembly facility in Ghana. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Factors, Facility Location, Mission Statement, Penetration Pricing, Vision Statement
Level: Level 1

Topic: Finance, R&D and marketing strategies, The external environment
Series: APR 2022

BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment

State and explain five economic factors that influence opportunities or threats for organizations in the macro-environment.

Question

Required:
State and explain FIVE (5) economic factors which determine the nature of opportunities or threats that organizations may face.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Strategy, Competitive Advantage, Economic Factors, Macro-Environment, PEST Analysis
Level: Level 1

Topic: Competitive forces and markets, Introduction to Business Strategy, The external environment
Series: NOV 2019

BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Factors, Facility Location, Mission Statement, Penetration Pricing, Vision Statement
Level: Level 1

Topic: Finance, R&D and marketing strategies, The external environment
Series: APR 2022

Question Tag: Economic Factors

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BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment

State and explain five economic factors that influence opportunities or threats for organizations in the macro-environment.

BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment

State and explain five economic factors that influence opportunities or threats for organizations in the macro-environment.

BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

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BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment

State and explain five economic factors that influence opportunities or threats for organizations in the macro-environment.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment"

BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

You're reporting an error for "BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment"

BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment

State and explain five economic factors that influence opportunities or threats for organizations in the macro-environment.

You're reporting an error for "BMIS – Nov 2019 – L1 – Q4b – Economic Factors in the Macro-Environment"

BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment

Discuss the benefits of penetration pricing, the difference between mission and vision statements, and economic factors influencing facility location in Ghana.

You're reporting an error for "BMIS – April 2022 – L1 – Q2 – Finance, R&D and marketing strategies | The external environment"

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