Page | 1
SMGT2256 CHAPTER 3 2026
LATEST QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Principal Components of a Macro-Environment - correct answer
-1: Political Factors
2: Economic Conditions in general environment
3: Sociocultural Forces
4: Technological Factors
5: Environmental Factors
6: Legal/Regulatory Conditions
(PESTEL)
Political Factors - correct answer -Matters such as tax policy,
fiscal policy, tariffs, political climate, and strength of institutions
(federal banking system).
Economic Conditions - correct answer -General economic
climate and specific factors like interest rates, exchange rates,
inflation rate, unemployment rate, rate of economic growth, trade
deficits/surpluses, savings rates, and per-capita domestic product.
, Page | 2
Sociocultural Forces - correct answer -Societal values, attitudes,
cultural influences, and lifestyles that impact demand for particular
goods and services, as well as demographic factors such as
population size, growth rate, and age distribution. Vary by location
and change over time
Technological Factors - correct answer -Pace of technological
change and technical developments that have the potential for
wide-ranging effects on society, such as genetic engineering,
nanotechnology, and solar energy technology.
Include institutions involved in creating new knowledge and
controlling use of technology.
Environmental Factors - correct answer -Ecological and
environmental forces (weather, climate, climate change, etc) and
associated factors (flooding, fire, etc).
Legal and Regulatory Factors - correct answer -Regulations and
laws with which companies must comply, such as consumer laws,
labor laws, antitrust laws, and OH&S regulations.
SMGT2256 CHAPTER 3 2026
LATEST QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
Principal Components of a Macro-Environment - correct answer
-1: Political Factors
2: Economic Conditions in general environment
3: Sociocultural Forces
4: Technological Factors
5: Environmental Factors
6: Legal/Regulatory Conditions
(PESTEL)
Political Factors - correct answer -Matters such as tax policy,
fiscal policy, tariffs, political climate, and strength of institutions
(federal banking system).
Economic Conditions - correct answer -General economic
climate and specific factors like interest rates, exchange rates,
inflation rate, unemployment rate, rate of economic growth, trade
deficits/surpluses, savings rates, and per-capita domestic product.
, Page | 2
Sociocultural Forces - correct answer -Societal values, attitudes,
cultural influences, and lifestyles that impact demand for particular
goods and services, as well as demographic factors such as
population size, growth rate, and age distribution. Vary by location
and change over time
Technological Factors - correct answer -Pace of technological
change and technical developments that have the potential for
wide-ranging effects on society, such as genetic engineering,
nanotechnology, and solar energy technology.
Include institutions involved in creating new knowledge and
controlling use of technology.
Environmental Factors - correct answer -Ecological and
environmental forces (weather, climate, climate change, etc) and
associated factors (flooding, fire, etc).
Legal and Regulatory Factors - correct answer -Regulations and
laws with which companies must comply, such as consumer laws,
labor laws, antitrust laws, and OH&S regulations.
