Question : Which environment involves the study of changes in technology and its impact on business operations?
Option 1: Technological environment
Option 2: Economic environment
Option 3: Social environment
Option 4: Political environment
Correct Answer: Technological environment
Solution : The correct answer is (A) Technological environment
The technological environment involves the study of changes in technology and its impact on business operations. It focuses on factors such as technological advancements, innovations, digital trends, and how these developments influence how businesses operate and compete in the marketplace.
Question : Identify the dimensions of business environment which has impact on the interest rate, inflation rate, changes in disposable income of the people, etc.
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