Question : Which of the following is NOT a component of the micro environment
Option 1: Suppliers
Option 2: Competitors
Option 3: Demographic factors
Option 4: Customers
Correct Answer: Demographic factors
Solution : The correct answer is (C) Demographic factors.
The micro environment includes factors that are directly linked to the organization and its operations, such as suppliers, competitors, and customers. Demographic factors belong to the macro environment.