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New legal requirements for renewing a licence increased a company’s compliance costs. Which dimension of the business environment does this illustrate?

Answer and explanation

Correct answer: Legal dimension

The correct answer is B, the legal dimension. Licence-renewal requirements are rules that businesses must follow, so they are part of the legal environment and can affect compliance costs.

Related tags

Business EnvironmentLegal DimensionComplianceDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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