Due to COVID-19, many Americans either lost their jobs perma…

Due to COVID-19, many Americans either lost their jobs permanently or were furloughed (temporary lay-off).  As a result, most retail sales dropped off dramatically.  To entice shoppers back to their stores, retailers offered many sales with 50 – 75% off (better than typical Black Friday deals.)  This is an example of which micro- or macro-environmental factor?

The Consumer Product Safety Commission works to reduce the r…

The Consumer Product Safety Commission works to reduce the risk of injuries and deaths from consumer products by: developing voluntary standards with industries; as well as issuing and enforcing mandatory standards.  This greatly impacts every toy company in the industry, which must meet/exceed these guidelines to ensure safe products for children.  This is an example of which micro- or macro-environmental factor?