The following are the dimensions of the business environment that are being referred to in the given case.
1. Economic environment- “Company started exporting its products to India” Explanation- Economic environment includes the effect of changes in the interest rates, levels of income, stock market fluctuations etc.
Example- An increase in imports leads to a fall in the price of domestic currency and vice- versa
2. Legal environment – “Prime minister allowed relaxation in import duties on electronic items”
Explanation- Legal environment refers to all the legal rules and procedures set up by the government to monitor the business activities of an enterprise.
