BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -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-2: -the factors or elements in a firm’s immediate environment which affect its performance and decision-making; these elements include the firm’s suppliers, competitors, marketing intermediaries, customers and publics.

Detailed explanation-3: -Microenvironment (business), nearby factors that affect a company’s ability to serve its customers, such as the company itself, suppliers, marketing intermediaries, customer markets and the public.

Detailed explanation-4: -The micro environment include force and elements such as the organisational vision, mission statement, goals and objectives, strategy and structures, management and employees. The various components and features of the micro (internal) business environment. Vision, Mission, Goals and Objectives.

Detailed explanation-5: -Answer: The important elements of the micro environment of an organization are: Customers and Consumers. Competitors. Organization.