Question

1) Give an example of each of the four levels of power which are macro-level, intermediate level, micro-level, individual level. Also, give an example of each of the spheres of business power

Answer 1

An example of the macro level would be the stock market, the intermediate level would be raising prices of food, the micro level would be Wal-Mart, and the individual level would be Michael Kors The spheres of business power are: (1) economic, (2) social/cultural, (3) individual, (4) technological, (5) environmental, and (6) political. Economic sphere would goes into the lines of how the economy is running and how prosperous the economy is. Social, cultural and environmental would relate to each other because this has to do with what is going on around you and the society. Individual would have to do with more of a personal basis. Technology will be related to how technology is evolving and changing. Political would also be related to the economic standpoint of business power