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Question
"Even after opening up of the Indian economy in 1991 foreign companies found it extremely difficult to cut through the bureaucratic red tape to get permits for doing business in India, which created a negative impact on business."
Identify the dimension of the business environment which led to creation of the negative impact on business.
Options
Social Environment
Technological Environment
Political Environment
Legal Environment
MCQ
Solution
Political Environment
Explanation -
All elements connected to the government's ruling party and legislation passed by them are included in the political environment.
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Dimensions of Business Environment
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