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:- How can understanding the technological environment benefit XYZ Corp.?
Option 1: By expanding into new markets
Option 2: By implementing cost-cutting measures
Option 3: By adopting new technologies to stay competitive
Option 4: By increasing the number of employees
Correct Answer: By adopting new technologies to stay competitive
Solution : The correct answer is (C) By adopting new technologies to stay competitive
Understanding the technological environment can benefit XYZ Corp. by enabling the company to adopt new technologies and stay competitive in its industry. Rapid technological advancements can create opportunities for innovation and efficiency, and by staying informed about these changes, XYZ Corp. can make strategic decisions to integrate new technologies into its operations, products, or services, ensuring it remains competitive and relevant in the market.
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:- How can understanding the technological environment benefit XYZ Corp. in adopting digital technologies?
Option 3: By investing in research and development of digital technologies
Option 4: By diversifying into unrelated businesses
Q:- Which dimension of the business environment is affecting XYZ Corp. in this case?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
Q:- What is the business environment factor affecting XYZ Corp. in this case?
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
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