Some examples from this set of practice questions
1.
the micro, market and macro business environment
Answer: the micro, market and macro business environment Difference Between Micro and Macro Environment Last updated on February 3, 2020 by Surbhi S Every business organization is a part of the business environment, within which it operates. No entity can function in isolation because there are many factors that closely or distantly surrounds the business, which is known as a business environment. It is broadly classified into two categories, i.e. micro environment, and macro environment. The former affects the working of a particular business only, to which they relate to, while the latter affects the functioning of all the business entities, operating in the economy.
2.
Content: Micro Environment Vs Macro Environment
Answer: Content: Micro Environment Vs Macro Environment Comparison Chart Definition Key Differences Conclusion Comparison Chart BASIS FOR COMPARISONMICRO ENVIRONMENTMACRO ENVIRONMENT Meaning Micro environment is defined as the nearby environment, under which the firm operates.Macro environment refers to the general environment, that can affect the working of all business enterprises.ElementsCOSMIC, i.e. Competitors, Organization itself, Suppliers, Market, Intermediaries and Customers.PESTLE, i.e.
3.
Definition of Micro Environment Microenvironment
Answer: Definition of Micro Environment Microenvironment refers to the environment which is in direct contact with the business organization and can affect the routine activities of business straight away. It is associated with a small area in which the firm functions.
4.
Micro Environment
Answer: Micro Environment Suppliers are the ones who provide inputs to the business like raw material, equipment and so on. Competitors are the rivals, which compete with the firm in the market and resources as well. Marketing intermediaries may include wholesalers, distributors, and retailers that make a link between the firm and the customers.
5.
Macro Environment
Answer: Macro Environment The study of Macro Environment is known as PESTLE Analysis. PESTLE stands for the variables that exist in the environment, i.e. Political, Economic, Socio-cultural, Technological, Legal and Environmental.
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller masonwabenyanga. Stuvia facilitates payment to the seller.
No, you only buy this summary for R79,00. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
59804 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 15 years now
