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The micro environment is also known as the internal environment and contains all the factors that influence the business from within. Some businesses may not have all of the functions.
This will depend on the nature and size of the business.
Up Next in Term 1
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Adapting to challenges in the busines...
In the previous lesson we discussed the challenges macro environment
In today’s lesson we discuss how businesses can adapt to challenges in the three business environments. -
Adapting to challenges in the busines...
Macro environments: Physical/Natural environment. Economic environment. Social and demographic environment.
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Adapting to challenges in the busines...
We already discussed how businesses can adapt to challenges in the macro environment.We continue to unpack how businesses can adapt to more challenges in the Macro Environment.
