Question : Most of the business firms are using social media like facebook, twitter, instagram etc. To promote their business' Which dimension of business environment is being highlighted?
Option 1: Economic environment
Option 2: Social environment
Option 3: Technological environment
Option 4: Social environment
Correct Answer: Technological environment
Solution :
The technological environment includes forces related to scientific advancements and innovations that provide new methods of producing goods and services as well as new methods of conducting business. In the preceding example, the majority of business firms promote their products and services through social media platforms such as Facebook, Twitter, and Instagram. This highlighted the business environment's technological environment.
Hence, option 3 is the correct answer.
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