BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
advances in production technology
|
|
|
advances in information technology
|
|
|
popularity of e-banking
|
|
|
all of the above
|
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: -Some examples of the technological environment include disruptive technologies, artificial intelligence, IoT, new production processes, and machine learning.