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Question
Business environment has two dimensions: ______ and______.
Fill in the Blanks
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Solution
Business environment has two dimensions: micro and macro.
Explanation:
There are two primary dimensions of the business environment: (i) Micro and (ii) Macro. The micro environment includes both internal and external factors that directly influence a business. In contrast, the macro environment comprises broader factors such as economic, social, technological, political, and legal forces that impact the business indirectly.
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