Question : If new product are introduced in market by new technique, which type of environment is indicated by it?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: None of the above
Answer (1)
18th Jan, 2024
Correct Answer: Technological environment
Solution :
Technological environment includes forces related to scientific improvements and innovations which provide new ways of producing goods and services and new ways of operating business.
Hence, option 3 is the correct answer.
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