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Question : Which of the following is a component of the general environment?
 

 

 

Option 1: Economic factors

Option 2: Technological factors

Option 3: Competitors

 

Option 4: Political factors


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Technological factors


Solution : The correct answer is (B) Technological factors

Technological factors encompass advancements in technology, research and development, and innovation. These factors can shape the competitive landscape, impact product development, and create new opportunities and threats for businesses.

So, in the context of the general environment is more closely related to the task or specific environment, which includes entities that directly impact the organization's competitive position and strategies.

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