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Questions and Answers
What are the two main categories that the business environment can be divided into?
What are the two main categories that the business environment can be divided into?
- Immediate environment and distant environment
- Micro-environment and macro-environment (correct)
- Internal environment and external environment
- Local environment and global environment
Which category influences the functionality of a particular business itself?
Which category influences the functionality of a particular business itself?
- Micro-environment (correct)
- Local environment
- Immediate environment
- Internal environment
In what context is every business affected by a myriad of factors?
In what context is every business affected by a myriad of factors?
- As a self-sufficient organization
- As part of the business environment (correct)
- As a standalone entity
- As an isolated system
Which category affects the operation of all existing business entities?
Which category affects the operation of all existing business entities?
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Why is it essential to understand the business environment?
Why is it essential to understand the business environment?
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What does the micro-environment primarily influence?
What does the micro-environment primarily influence?
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Why is it important to understand the business environment?
Why is it important to understand the business environment?
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What is the macro-environment primarily responsible for affecting?
What is the macro-environment primarily responsible for affecting?
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In what context are businesses affected by a myriad of factors?
In what context are businesses affected by a myriad of factors?
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What larger entity is every organization a part of?
What larger entity is every organization a part of?
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