Which of the Following Factors Is Part of the Microenvironment

question 108

Multiple Choice

Which of the following factors is part of the microenvironment?

• A)natural environment
• B)cultural shifts
• C)technological trends
• D)competitors
• E)political trends

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Definitions:

Foreign Competition

The presence and influence of international companies in a domestic market, which can affect local businesses.

Foreign Wages

This refers to the rates of pay for workers in countries other than the home country, significant in discussions of outsourcing, labor markets, and international competitiveness.

U.S. Workers

Individuals working in the United States, encompassing all sectors and types of employment.

Tariff Revenues

The income generated by a government through the imposition of tariffs, which are taxes on imported goods.