What is an External Environment in Business? - Definition, Types & Factors

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What is an external environment in business?

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1. What are the two types of external environments in business?

2. What are the factors found in the micro environment?

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About This Quiz & Worksheet

Before or after taking this quiz, you may wish to review any relevant material. Questions in this quiz deal with definitions and concepts, including types of external environments and associated characteristics.

Quiz & Worksheet Goals

To pass this quiz, you will need to:

  • Define external environment
  • Define macro environment
  • Distinguish between micro and macro environments

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about business operations in a different light
  • Interpreting information - verify that you can read information regarding external environments and interpret it correctly
  • Distinguishing differences - compare and contrast topics from the lesson, such as micro environments and macro environments

Additional Learning

If you would like to learn more about external environments, consider reviewing the related lesson called What is External Environment in Business? - Definition, Types, & Factors. This lesson discusses:

  • Why a business must have adaptability
  • The importance of considering the external environment
  • Factors of micro and macro environments
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