Question

External environment of business can be divided into __________.

• A. micro environment and macro environment
• B. economic environment and non-economic environment
• C. general environment and partial environment
• D. none of the above

Answer 1

The correct option is A micro environment and macro environment

The External business environment is broadly classified into two categories, i.e. micro environment, and macro environment. The former affects the working of a particular business only to which they relate, while the latter affects the functioning of all the business entities, operating in the economy.