Sam,the top manager of TechPark,decides to expand his business globally and creates a new market in Erbia,a neighboring country.Eventually,the company faces issues related to unskilled labor and poor resource positions such as unreliable highway systems and improper communication networks.From this scenario it can be inferred that Sam failed to focus on the _____ dimension of the external environment affecting business.
A) socio-cultural
B) political
C) legal
D) economic

Question

Quizplus · Accepted Answer

The scenario describes issues related to unskilled labor and poor resource positions, indicating that Sam failed to consider the economic dimension of the external environment. The economic dimension encompasses factors such as economic growth, inflation, unemployment, and availability of resources, which can significantly impact business operations.

Sam,the Top Manager of TechPark,decides to Expand His Business Globally