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 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.
Question : Which environment includes factors that directly affect the day-to-day operations of an organization
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