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Class 12 Business Studies Business Environment Dimensions of business environmentExpert

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A company predicted demand for small electric vehicles after a sharp rise in petrol prices. Which is the main dimension?

Answer and explanation

Correct answer: Economic dimension

Petrol price is an economic factor affecting cost and buying decisions. In exams connect price signals with economic dimension.

Related tags

Economic Dimension Petrol Price Demand Dimensions Of Business Environment Business Environment Business Studies Class 12 Mcq

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