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The environment which is close to business and affect its capacity to work is known as ___environment.
- a)internal
- b)external
- c)micro
- d)macro
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The environment which is close to business and affect its capacity to ...
Micro Environment in Business
The environment which is close to business and affects its capacity to work is known as the micro environment. It consists of the forces or factors that are close to the company and have a direct impact on its business operations. The factors that make up the micro environment include:
1. Suppliers: The suppliers are the companies that provide the raw materials, goods, and services that the business needs to operate.
2. Customers: The customers are the people or organizations that purchase the products or services that the business offers.
3. Competitors: The competitors are the other companies that offer similar products or services and compete for the same customers.
4. Intermediaries: The intermediaries are the companies or individuals that help the business to distribute its products or services to its customers.
5. Employees: The employees are the people who work for the business and help to produce or deliver its products or services.
6. Shareholders: The shareholders are the individuals or organizations that own shares in the business and have a financial stake in its success.
The micro environment is important for businesses to consider because it has a direct impact on their ability to compete and succeed in the marketplace. By understanding the forces and factors that make up the micro environment, businesses can develop strategies to leverage their strengths and overcome their weaknesses.
The environment which is close to business and affects its capacity to work is known as the micro environment. It consists of the forces or factors that are close to the company and have a direct impact on its business operations. The factors that make up the micro environment include:
1. Suppliers: The suppliers are the companies that provide the raw materials, goods, and services that the business needs to operate.
2. Customers: The customers are the people or organizations that purchase the products or services that the business offers.
3. Competitors: The competitors are the other companies that offer similar products or services and compete for the same customers.
4. Intermediaries: The intermediaries are the companies or individuals that help the business to distribute its products or services to its customers.
5. Employees: The employees are the people who work for the business and help to produce or deliver its products or services.
6. Shareholders: The shareholders are the individuals or organizations that own shares in the business and have a financial stake in its success.
The micro environment is important for businesses to consider because it has a direct impact on their ability to compete and succeed in the marketplace. By understanding the forces and factors that make up the micro environment, businesses can develop strategies to leverage their strengths and overcome their weaknesses.
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The environment which is close to business and affect its capacity to ...
Micro environment includes ..demand and supply..which is the most important factor that affect the business environment. so option C is correct
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The environment which is close to business and affect its capacity to work is known as ___environment.a)internalb)externalc)microd)macroCorrect answer is option 'C'. Can you explain this answer?
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The environment which is close to business and affect its capacity to work is known as ___environment.a)internalb)externalc)microd)macroCorrect answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The environment which is close to business and affect its capacity to work is known as ___environment.a)internalb)externalc)microd)macroCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The environment which is close to business and affect its capacity to work is known as ___environment.a)internalb)externalc)microd)macroCorrect answer is option 'C'. Can you explain this answer?.
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