At the end of the lesson, you should be able to answer the following: outline/name/discuss/explain the challenges of the micro environment, identify these challenges from given scenarios/statements (quote from scenarios/statements to support your answer), differentiate between strikes and go-slows, outline/name/discuss/explain the challenges of the market environment, identify these challenges from given scenarios/statements, quote from scenarios/statements to support your answer, recommend ways in which businesses can overcome competition in the market, identify the impact of socio-cultural factors on businesses from scenarios/case studies and make recommendations on how businesses can address this challenge, outline/name/discuss/explain the challenges of the macro environment, give examples of contemporary legislation that may affect business operations, explain/discuss how contemporary legislation affects business operations.