Answer: A Micro environment refers to the factors or elements that are directly connected to a business environment and affect its day-to-day performance.
Step-by-step explanation:
A micro Environment is any firm's or business's immediate environment which affects its performance on a regular basis.
Some examples of this can include Suppliers(no supply of the goods and services would lead to bad performance), Customers(any change in the customer's behavior such as better options or different tastes will change their minds and affect business), the general public(if the general public is in favor of a particular company then their sales will be much better), market intermediaries, and competitor businesses(any new or existing business with the same products might affect if they change their business model by providing discounts or other strategies).