Question

State the components of micro environment.

Answer 1

Answer:

The micro or the task environment is also specific to the business but external. It consists of factors engaged in producing, distributing, and promoting the offering. ... The broad environment is made up of six components: demographic, economic, physical, technological, political-legal, and social-cultural environment.

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Answer 2

1. Competitors

2. Customers

3. Suppliers

4. Public

5. Workers and their union

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