BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The micro environment relates to the immediate periphery of an organization and directly influences the organization on a regular basis. Hence, it is also known as the task environment. It is important for an organization to monitor and analyze all the elements of its micro environment like customers, competitors, etc.

Detailed explanation-2: -A micro environment is the immediate surroundings of a company or organization, including suppliers, customers, and competitors. The micro environment is also known as the internal environment, the operating environment, and the business environment.

Detailed explanation-3: -Microenvironment (ecology), also known as a microhabitat, a very small, specific area in a habitat, distinguished from its immediate surroundings by factors such as the amount of incident light, the degree of moisture, and the range of temperatures.

Detailed explanation-4: -The task environment refers to the external factors of the business environment. This environment is also known by other names such as operating environment and microenvironment.

Detailed explanation-5: -The micro environment is popularly referred to as task environment or operating environment.