Question : Which environment includes factors that directly affect the day-to-day operations of an organization
Option 1: Internal environment
Option 2: Macro environment
Option 3: Micro environment
Option 4: Competitive environment
Correct Answer: Micro environment
Solution : The correct answer is (C) Micro environment
The micro environment consists of factors that are in close proximity to the organization and directly impact its operations on a day-to-day basis. It includes immediate stakeholders with whom the organization interacts regularly. The micro environment typically includes factors such as customers, suppliers, competitors, distributors, and other entities that have direct business relationships with the organization. These factors directly influence the organization's daily operations, sales, and customer relationships. Understanding and managing the micro environment is crucial for organizations to effectively operate and compete within their specific industry or market.
