Question: Describe the difference between themacro-environmentand the micro-environment. What is the difference betweena shareholder and stakeholder. Explainthemeaningofbargainingpowerandhowitaffectsrelationshipsbetween buyers and sellers. Give an example of how a

  1. Describe the difference between themacro-environmentand the micro-environment.
  2. What is the difference betweena shareholder and stakeholder.
  3. Explainthemeaningofbargainingpowerandhowitaffectsrelationshipsbetween buyers and sellers.
  4. Give an example of how a substitute product severelyaffected a business. When cana substitute threaten an existing product.
  5. Aside from capitalization,think of other possiblebarriers to entry that will prevent potential entrantsfrom entering an industry. Enumerate them.

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