Podcast
Questions and Answers
What does the micro-environment directly impact?
What does the micro-environment directly impact?
- Global market trends
- Routine activities of business (correct)
- International trade policies
- Long-term strategic planning
Which of the following is a component of the micro-environment?
Which of the following is a component of the micro-environment?
- Global economic conditions
- Government regulations
- Suppliers (correct)
- Technological advancements
Which factor is not a part of the micro-environment?
Which factor is not a part of the micro-environment?
- Competitors
- Customers
- Economic conditions (correct)
- Marketing intermediaries
Which of the following is a part of the macro-environment?
Which of the following is a part of the macro-environment?
What is the macro-environment concerned with?
What is the macro-environment concerned with?
Which factor is part of the micro-environment and can directly impact the day-to-day activities of a firm?
Which factor is part of the micro-environment and can directly impact the day-to-day activities of a firm?
Which of the following is considered a component of the micro-environment?
Which of the following is considered a component of the micro-environment?
Which component of the micro-environment involves the general public's influence on a company's activities?
Which component of the micro-environment involves the general public's influence on a company's activities?
Which of the following is a part of the micro-environment due to its direct contact with the company?
Which of the following is a part of the micro-environment due to its direct contact with the company?
Which component of the micro-environment involves the company's immediate business environment?
Which component of the micro-environment involves the company's immediate business environment?
Study Notes
Micro-Environment
- Directly impacts the organization's internal environment
- Components:
- Customers
- Suppliers
- Intermediaries (distributors, wholesalers, retailers)
- Competitors
- Publics (general public's influence on company activities)
- Employees
- Media
- Factors that can directly impact a firm's day-to-day activities
Macro-Environment
- Concerned with larger societal and global issues
- Components:
- Demographic factors
- Economic factors
- Natural environment
- Technological factors
- Political and legal factors
- Cultural factors
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of micro and macro environmental factors that impact businesses with this quiz. Learn about the key elements that shape a company's operating environment and understand how these factors influence strategic decision-making.
