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A company launched a handmade product line because consumers increasingly valued local handicrafts. Which dimension of the business environment does this illustrate?

Answer and explanation

Correct answer: Social dimension

Valuing local handicrafts reflects social and cultural preferences. When consumer preferences change because of such values, the social dimension is involved.

Related tags

Business EnvironmentSocial DimensionCultural PreferencesDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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