Question : Case Study 13:
XYZ Corp. is a service-based company that has been impacted by advancements in information technology. The company is facing the challenge of adopting digital technologies to stay competitive.
Q:- What does the term "technological advancements" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The process of promoting import restrictions
Option 4: The development and implementation of new technologies
Correct Answer: The development and implementation of new technologies
Solution : The correct answer is (D) The development and implementation of new technologies
The term "technological advancements" refers to the development and implementation of new technologies. It encompasses the progress, innovation, and improvements in various fields of technology, including information technology, manufacturing, communication, and more. Technological advancements often lead to the creation of new products, services, and processes that can transform industries and businesses.
