Podcast
Questions and Answers
What aspect of the business environment does the text focus on?
What aspect of the business environment does the text focus on?
- Internal environment
- Micro environment (correct)
- Macro environment
- Competitive environment
In the context of drip footwear, what does the micro environment primarily consist of?
In the context of drip footwear, what does the micro environment primarily consist of?
- Political regulations
- Technological advancements
- Global economic factors
- Suppliers, customers, competitors (correct)
How do elements in the micro environment impact drip footwear businesses?
How do elements in the micro environment impact drip footwear businesses?
- Have no effect on customer satisfaction
- Only indirectly influence operations
- Directly affect business success (correct)
- Primarily focus on economic trends
What are the elements in the micro environment of drip footwear?
What are the elements in the micro environment of drip footwear?
Who are included in the micro environment of drip footwear?
Who are included in the micro environment of drip footwear?
Name one key element in the micro environment of drip footwear.
Name one key element in the micro environment of drip footwear.
What factors make up the micro environment of drip footwear?
What factors make up the micro environment of drip footwear?
How can the micro environment elements influence the strategic decisions of a drip footwear company?
How can the micro environment elements influence the strategic decisions of a drip footwear company?
Explain the significance of stakeholder relationships in the success of a drip footwear brand.
Explain the significance of stakeholder relationships in the success of a drip footwear brand.
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