Question

What impact are macroenvironmental factors likely to have on the level of student enrollments at colleges and universities over the next decade?

Answer 1

Macro environmental factors likely to affect student enrollments at colleges and universities over the next decade includes sociocultural, economic, political and legal factors.

Step-by-step explanation:

Macro environmental factors are very much external to student enrollments at colleges and universities over the next decade; however, they form an integral factor.

Sociocultural factors, such as the societal perception, and cultural systems, forms a vital role on the level of student enrollments at colleges and universities over the next decade?.

Answer 2

Answer and explanation:

The Macroenvironment is the conditions existing in an economy as a whole, rather than in a single sector or region. The macroenvironment is linked to the business cycle and includes trends in Gross Domestic Product (GDP), Inflation, Employment, Spending, and Monetary and Fiscal Policy.

All the factors mentioned above influence people's decisions and enrolling at college is a subject matter to those considerations. The employment rate, job positions available, wages and compensations are typical factors that help applicants to universities decide what career to choose and in the next decade that is not unlikely to change.