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Questions and Answers
What does the micro-environment directly impact?
Which of the following is a component of the micro-environment?
Which factor is not a part of the micro-environment?
Which of the following is a part of the macro-environment?
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What is the macro-environment concerned with?
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Which factor is part of the micro-environment and can directly impact the day-to-day activities of a firm?
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Which of the following is considered a component of the micro-environment?
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Which component of the micro-environment involves the general public's influence on a company's activities?
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Which of the following is a part of the micro-environment due to its direct contact with the company?
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Which component of the micro-environment involves the company's immediate business environment?
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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.
