1.5.1 - Micro Environment
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What is the micro environment?
💡 Hint: Think about what is directly related to a business's operations.
Name one key factor in the micro environment.
💡 Hint: Consider entities that deal directly with the business.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does the term 'micro environment' refer to?
💡 Hint: Focus on what is directly related to the business and can be managed.
True or False: Competitors do not affect a business's strategy.
💡 Hint: Consider how businesses respond to each other.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Evaluate a business that failed due to poor supplier relationships. What could have been done differently?
💡 Hint: Think about collaboration and contingency planning.
Propose a strategy for a business looking to launch a new product in a highly competitive market.
💡 Hint: Consider aspects like value proposition and market positioning.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.