Assertion: Entrepreneurship environment refers to the various forces within which various small, medium and large enterprises operate.
Reasoning: The business is influenced by both micro and macro environment forces.
Reasoning: The business is influenced by both micro and macro environment forces.
Answer & explanation
Correct answer: option 2
Entrepreneurship environment refers to the various forces within which various small, medium and large enterprises operate. These factors exert influence upon each other and do not operate in isolation. Business environment consists of two levels, i.e., micro environment and macro environment.