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Questions and Answers
How are micro and macro factors in the business environment related?
How are micro and macro factors in the business environment related?
- They are inter-dependent and inter-related (correct)
- They have no impact on each other
- They only impact specific industries
- They are completely independent
What does the business environment encompass?
What does the business environment encompass?
- All factors external to the business firm (correct)
- Factors related to the production process
- Only macro factors outside the business firm
- Only micro factors within the business firm
Why is predicting the exact nature of future happenings in the business environment difficult?
Why is predicting the exact nature of future happenings in the business environment difficult?
- Due to uniformity in global markets
- Due to changes in economic and social environment (correct)
- Due to stable political conditions
- Due to lack of technological advancements
