Question : Case Study 7:
ABC Corp. is a manufacturing company that is heavily reliant on fossil fuels for its production processes. Due to increasing concerns about environmental sustainability, the company is facing pressure to adopt eco-friendly practices.
Q:- Which dimension of the business environment is highlighted 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 dimension of the business environment highlighted in this case is the technological environment. The case involves a company (ABC Corp.) that is heavily reliant on fossil fuels and is facing pressure to adopt eco-friendly practices. Adapting to more environmentally sustainable practices often involves changes in technology, processes, and innovations to reduce reliance on fossil fuels and embrace cleaner, more sustainable energy sources and production methods.
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