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As part of its trade policy, the government simplified approval procedures for exporters to encourage foreign trade. Which dimension of the business environment does this mainly represent?

Answer and explanation

Correct answer: Political dimension

The correct answer is B, the political dimension. The question describes a government policy decision to encourage trade. A change to a mandatory law or regulation would instead point to the legal dimension.

Related tags

Business EnvironmentPolitical DimensionTrade PolicyDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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