Question : Case Study 13:
XYZ Corp. is a service-based company that has been impacted by advancements in information technology. The company is facing the challenge of adopting digital technologies to stay competitive.
Q:- What is the business environment factor affecting XYZ Corp. in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
Correct Answer: Technological environment
Solution : The correct answer is (B) Technological environment
The business environment factor affecting XYZ Corp. in this case is the technological environment. The company is facing the challenge of adopting digital technologies to stay competitive, which is directly related to technological advancements in the industry.
Q:- How can understanding the technological environment benefit XYZ Corp. in adopting digital technologies?
Option 1: By expanding into new markets
Option 2: By implementing cost-cutting measures
Option 3: By investing in research and development of digital technologies
Option 4: By diversifying into unrelated businesses
Q:- What does the term "technological advancements" refer to?
Option 1: The process of reducing government intervention in the economy
Option 2: The process of nationalizing private companies
Option 3: The process of promoting import restrictions
Option 4: The development and implementation of new technologies
Question : Case Study 2:
XYZ Corp. is a technology-based company that has been facing challenges due to rapid technological advancements in the industry.
Q:- Which dimension of the business environment is affecting XYZ Corp. in this case?
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Q:- How can understanding the technological environment benefit XYZ Corp.?
Option 3: By adopting new technologies to stay competitive
Option 4: By increasing the number of employees
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