BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ENVIRONMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Technological Environment includes forces related to scientific improvements and innovations.
A
True
B
False
Explanation: 

Detailed explanation-1: -Technological environment refers to the state of science and technology in the country and related aspects such as rate of technological progress, institutional arrangements for development and application of new technology, etc.

Detailed explanation-2: -Technological factors include production techniques, information and communication resources, production, logistics, marketing, and e-commerce technologies. These affect how an organisation operates, sells its products, interacts with, and gathers intelligence on customers, suppliers, and competitors.

Detailed explanation-3: -The influences that developments in technology have on consumers, business and society in general. Some positive technological forces include increased leisure time, improved communication and better management information systems, while some negatives might include increased unemployment and information abuse.

Detailed explanation-4: -Technological progress has three objectives: to be economically viable, to improve the quality of life, and to have positive impact on the environment.

There is 1 question to complete.