GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In company’s microenvironment, ‘general publics’ consists of
A
public image
B
stockholders
C
minority groups
D
Community organizations
Explanation: 

Detailed explanation-1: -These include the banks, investors, brokerage firms, stockholders etc. This type of publics affects a company’s ability to take loans, decide on favorable payment terms etc. They also determine how the customers or other publics perceive a business.

Detailed explanation-2: -Micro environment is the environment that originates inside the organisation and affects the business operations directly and the businessman has absolute control over these forces.

Detailed explanation-3: -Examples of elements in a company’s micro-environment are: Customers. Competitors. Staff members.

Detailed explanation-4: -Actors in a microenvironment There are 6 actors existing in a microenvironment. They are: the company (itself), suppliers, marketing intermediaries, customer markets, competitors, and publics.

There is 1 question to complete.