Business Environments

Vision and Mission are in the ___________ environment

• Micro

• Market

• Macro

Components of Market Environment

• Customers

• Regulators

• Employees

• Government

• Competitors

Businesses have the most control over the _________ environment

• Micro

• Market

• Macro

Cultural changes are in the ___________ environment

• Micro

• Market

• Macro

Components of Micro Environment

• Customers

• Quality control

• Business Functions

• Economy

Tool to evaluate MACRO Environment

• SWOT

• PESTLE

• Porter's 5 Forces

Business has _____ control over the MACRO Environment

• Complete

• Some Control/influence

• No

SWOT analysis is used to evaluate

• Micro Environment

• Market Environment

• Macro Environment

Business has _____ control over the MICRO Environment

• Complete

• Some Control/influence

• No

Business has _____ control over the MARKET Environment

• Complete

• Some Control/influence

• No