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A rise in the interest rate on loans is an indicator of which dimension of the business environment?

Answer and explanation

Correct answer: Economic dimension

Interest rates affect borrowing costs and are an element of the economic environment. A rise in loan interest rates therefore indicates a change in the economic dimension.

Related tags

Business EnvironmentEconomic DimensionInterest RatesDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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