The entrepreneurship environment refers to the micro and macro level that influence the working of the organisation. Identify the micro level components.
A. Political
B. Customers
C. Law
D. Competitors
E. Society
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is option (1) - (B) and (D) only
The micro-level components in the entrepreneurship environment typically refer to factors that are closer to the business and have a direct impact on its operations. From the options provided, the correct answer is:
- (B) Customers: Customers directly influence the success and profitability of the business.
- (D) Competitors: Competitors operate in the same market space and can impact the business strategy and performance.
