interrelationships between business environments

• interrelationship between market and micro environment

  business environments are related to each other as they cannot operate in isolation. The business does not have a purpose without the market environment.
• business and consumers


  consumers depend on businesses for their goods and services to satisfy their needs and wants and business also depend on consumers for their income when they buy from them. The business needs to carry out market research to determine the appropriate type of goods and services and the best price for them.
• business and suppliers 


  the business needs to ensure that is using the best supplier to get the best quality for the best price. Businesses need to communicate with suppliers about the latest developments in the technology and products. Business need to pay their suppliers, as they are also customers.