Business Environmental Factors Quiz
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Questions and Answers

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?

  • Global economic conditions
  • Government regulations
  • Suppliers (correct)
  • Technological advancements
  • 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?

    <p>Legal and political factors</p> Signup and view all the answers

    What is the macro-environment concerned with?

    <p>Broader societal forces</p> Signup and view all the answers

    Which factor is part of the micro-environment and can directly impact the day-to-day activities of a firm?

    <p>Marketing Intermediaries</p> Signup and view all the answers

    Which of the following is considered a component of the micro-environment?

    <p>Suppliers</p> Signup and view all the answers

    Which component of the micro-environment involves the general public's influence on a company's activities?

    <p>General Public</p> Signup and view all the answers

    Which of the following is a part of the micro-environment due to its direct contact with the company?

    <p>Competitors</p> Signup and view all the answers

    Which component of the micro-environment involves the company's immediate business environment?

    <p>Suppliers</p> Signup and view all the answers

    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

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    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.

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