The recent decision for many major Australian universities to reduce their staff, in order to reduce their costs by millions of dollars, is an example of:

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Analyse business buyer behaviour and decision making. The external marketing environment includes the macro-environment and the micro-environment. The macro-environment includes political, economic, sociocultural, technological and legal forces. The universities' decision is an example of the influence of an economic force.

The Recent Decision for Many Major Australian Universities to Reduce