Question : Case Study 2:
XYZ Corp. is a technology-based company that has been facing challenges due to rapid technological advancements in the industry.
Q:- Which dimension of the business environment is affecting XYZ Corp. in this case?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Correct Answer: Technological environment
Solution : The correct answer is (C) Technological environment
The challenges faced by XYZ Corp. due to rapid technological advancements in the industry are a result of changes in the technological environment. The technological environment includes factors related to advancements, innovations, and disruptions in technology that can significantly impact technology-based companies like XYZ Corp.
