Correct Answer: Micro environment

Solution : The correct answer is (C) Micro environment

The micro environment includes factors that directly affect the day-to-day operations of an organization. This environment comprises elements that are in close proximity to the organization and have a significant and immediate impact on its operations, such as customers, suppliers, competitors, and other stakeholders. The competitive environment is a subset of the micro environment and focuses specifically on factors related to competition within the organization's industry.