Section AQuestion 1Q.1.1) The macro environment is the most external environment in which the business can operate. It involves uncontrollable factors over which the company cannot control. There are six variables that will be discussed. • Technological environment.- Change in the environment is generally a manifestation of technological innovation. This comes from the research and development of the main facilities, companies; Universities and government. These technological innovations bring many interesting new features in terms of machines, products, processes, methods, services and management approaches. But unfortunately, Johnson will have to keep abreast of this change, as he mentions it if someone or a competitor innovates and designs a new product that decreases the demand for a catalytic converter, which can lead to the liquidation of the company or a reduction in demand for the catalytic converter. product.• Economic environment.- This concerns the factors that can affect the flow of money in the business. These effects can be inflation rates, interest rates, exchange rates and consumer incomes. Johnson Matthey had a huge economic problem in 2008 when banks hit a crisis and big banks started to fail, making it impossible for large organizations, small businesses and consumers to get loans to invest or to buy cars containing Johnson's product. to a drop in demand. Show how powerful the economic environment is, because without financing there is no purchase or expansion, which can lead to the failure of the business.• Social environment.- It is the environment most subject to the influences of other variables, mainly technology and the economy. Humans are the primary products of society and are...... middle of paper ......siness to raise enormous amounts of financial resources.• Limited liability. This means that only the financial liability of each shareholder is affected, so that only their share is affected and only what has been purchased within the framework of the company is liable for debt. • Transferability of shares allows the shareholder to sell their share easily and allow them to opt out of the company's share if they do not wish to. • There is unlimited growth space in a public company due to the ability to sell an unlimited number of shares, allowing this money to be injected into a capital fund to assist in the expansion and growth of the company. 'company.• The management of a public company is democratic and as a result, shareholders can vote against directors and elect directors. Minority shareholders are protected by companies law for domination and mismanagement.