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Fluctuations in global raw-material prices led a company to adopt a long-term purchasing policy. Which dimension of the business environment does this illustrate?

Answer and explanation

Correct answer: Economic dimension

Raw-material prices affect a company's costs and purchasing decisions. Price fluctuations are changes in economic conditions, so this illustrates the economic dimension.

Related tags

Business EnvironmentEconomic DimensionPrice FluctuationsDimensions Of Business EnvironmentBusiness StudiesClass 12 Mcq

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