Briefly explain any four external factors of Micro environment of busi

1.	Briefly explain any four external factors of Micro environment of business.
Answer» Four external factors of micro environment of a business are : • Suppliers : Without a supplier, it is not possible to carry on the business. • Customers : Customers are another basic requirement to run a business. If no one is buying the products of your business, you will have to close its doors. • Marketing Intermediaries: Middlemen have a direct impact on your business operation. They could be your distributors, wholesalers and other related people. • Financiers : Typically, business owners take out a loan to get started and the growth of the business depends upon their ability to obtain additional loans.

Briefly explain any four external factors of Micro environment of business.

Answer»

Four external factors of micro environment of a business are :

• Suppliers : Without a supplier, it is not possible to carry on the business.

• Customers : Customers are another basic requirement to run a business. If no one is buying the products of your business, you will have to close its doors.

• Marketing Intermediaries: Middlemen have a direct impact on your business operation. They could be your distributors, wholesalers and other related people.

• Financiers : Typically, business owners take out a loan to get started and the growth of the business depends upon their ability to obtain additional loans.

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