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'service sector contributes to almost half of India's GDP but employs only one-third of its workforce. Which of the following dimensions of Business Environment is stated in the above line: -

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Question

'Service sector contributes to almost half of India's GDP but employs only one-third of its workforce.

Which of the following dimensions of Business Environment is stated in the above line:

Options

  • Economic

  • Social

  • Political

  • Legal

MCQ

Solution

Economic

Explanation - 

All economic aspects that influence a company's performance are included in the economic environment. The factors can be macro or tiny, and they are completely outside the company's control. 

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Dimensions of Business Environment
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