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Business Studies

Business Environment

Mr. Singh own...

Question

Mr. Singh owner of leather garments factory sends his marketing head to Europe every quarter to understand the changes in fashion. This helps to prepare his latest range in line with customers' demands an expectations.
(a) Identify the characteristic of management indicated here?
(b) Which dimension of business environment is indicated here?
Give any two impacts of it on Business.

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Solution

(a) Dynamic (b) Social environment

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