Various dimensions of business environment are:
(i) Economic environment, which includes factors like inflation, interest rates, disposable income etc.
(ii) Social environment, which includes factors like traditions, values and customs.
(iii) Political environment, which includes political condition of the country and attitude of its government.
(iv) Technological environment, which includes changes in the method of production and use of equipment for improvement in products.
(v) Legal environment, which includes legislations passed by government, court judgements, decisions rendered by commissions and agencies at various levels of government.