Question

What are the 5 dimensions of the business environment?

Answer 1

Generally, it is agreed that there arefive dimensions to the business environment that influence performance. These dimensions are: a) Economic b) Social c) Technological d) Political and e) Legal.


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Answer 2

Answer:

There are five dimensions of the business environment that influence many firms. These dimensions include the economic environment, the social environment, the political environment, the legal environment, and the technological environment.

Explanation:

5 Major Components of Business Environment | Business Studies

(i) Economical Environment:

(ii) Social Environment:

(iii) Political Environment:

(iv) Legal Environment:

(v) Technological Environment: