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As household incomes fell, a company increased the availability of affordable packs instead of costly products. Which dimension of the business environment is illustrated?

Answer and explanation

Correct answer: Economic dimension

The economic dimension includes factors such as income and purchasing power. When household income falls, customers may shift towards less expensive products, prompting the company to offer more affordable packs.

Related tags

Business EnvironmentEconomic DimensionIncomeDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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