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Which of the following is NOT a component of the micro environment of a business?

easy MCQ 1 mark Class 12 · Business Studies · Business Environment
  1. A. Suppliers
  2. B. Customers
  3. C. Competitors
  4. D. Cultural attitudes of society
Answer
D. Cultural attitudes of society

The correct answer is D. Cultural attitudes of society — Identify the option that does not belong to the micro environment.

Step-by-step solution

  1. Read each option and recall the definition of micro environment.
  2. Micro environment includes factors that are directly related to the firm such as suppliers, customers, competitors, and intermediaries.
  3. Cultural attitudes of society belong to the macro environment (socio‑cultural factor).
  4. Identify the option that does not belong to the micro environment.
Common mistake: Confusing macro‑environment socio‑cultural factors with micro‑environment elements.

Concept tested: Identify micro environment components

Published · How this solution was prepared and checked

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