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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the micro environment?
💡 Hint: Think about what is directly related to a business's operations.
Question 2
Easy
Name one key factor in the micro environment.
💡 Hint: Consider entities that deal directly with the business.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does the term 'micro environment' refer to?
- A. External factors affecting a business
- B. Immediate
- controllable factors
- C. Global factors influencing business
💡 Hint: Focus on what is directly related to the business and can be managed.
Question 2
True or False: Competitors do not affect a business's strategy.
- True
- False
💡 Hint: Consider how businesses respond to each other.
Solve 2 more questions and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Evaluate a business that failed due to poor supplier relationships. What could have been done differently?
💡 Hint: Think about collaboration and contingency planning.
Question 2
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.
Challenge and get performance evaluation