What is the micro-environment?

Question

Quizplus · Accepted Answer

The micro-environment includes customers, competitors, suppliers, and distributors, all of whom have an impact on how a business operates on a day-to-day basis. The other options are not entirely correct. While customers do have an impact, they are just one element of the micro-environment. The option "broader influences that usually have short-term and regular influences on business" is more akin to the definition of the macro-environment, which includes factors such as economic, social, and political trends.

What Is the Micro-Environment