Based on the fact that Speedy Motors is in the automotive industry, some micro and macro challenges include:
Micro challenges are those that affect a company alone and not the economy.
Companies in the automobile industry face the micro challenge of having poor liquidity because cars might not be sold fast enough. They also have issues with retaining good labor which can help them remain competitive.
These affect the economy and industry at large and so affect the company as well.
Some challenges here include government regulation that is aimed at reducing pollution. This will force an auto company to invest in more expensive equipment to comply.
If economic growth is poor, a car company will experience less sales as well.
In conclusion, there are several challenges affecting Speedy Motors.
Find out more on the macro perspective at https://brainly.com/question/3558688.
