3 Questions
How are micro and macro factors in the business environment related?
They are inter-dependent and inter-related
What does the business environment encompass?
All factors external to the business firm
Why is predicting the exact nature of future happenings in the business environment difficult?
Due to changes in economic and social environment
Test your knowledge on the sum total of external factors influencing a business firm's functioning, the inter-relatedness of micro and macro factors, and the complexity of business environments across different regions and countries.
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