BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Technological change can bring about advantages and opportunities for businesses. Obviously, new technology can create new products and services, thereby creating entire new markets for a business. Moreover, improvements in technological products and processes can increase productivity and reduce costs.

Detailed explanation-2: -These technologies have damaged our world in two main ways; pollution and the depletion of natural resources. Air pollution occurs when harmful or excessive quantities of gases such as carbon dioxide, carbon monoxide, sulfur dioxide, nitric oxide and methane are introduced into the earth’s atmosphere.

Detailed explanation-3: -Technological environment refers to the changes in the output, production methods, use of equipment and quality of the product. It includes force related to scientific innovations and improvements in products as well as production technology.

Detailed explanation-4: -Technological advances can create many opportunities for businesses, but it often means changing their marketing mix e.g. to enable them to interact with customers through increasingly popular technologies such as online messaging and digital advertising.