Topic 4

Question 1

Relationship between the components of business mirco environments

Answer 1

• Main goal is profit

- Business activities needs to be focussed on profit

Question 2

Relationship between the components of business market environments

Answer 2

-Activities of the suppliers,intermediaries and competitors are all aimed at consumers

Question 3

Relationship between the components of business market environments

Answer 3

• One single element affects all other elements

- ex Facebook,Twitter, natural disaster,Political instability and the economy

Question 4

What are the Interrelation between the micro and market environments

Answer 4

-The business and consumers
-The business and suppliers
-The business and intermediaries
-The business and competitors
Read on pg 43