Question : The technological environment of business includes factors related to:
Option 1: Government policies and stability
Option 2: Economic conditions
Option 3: Changes in technology and its impact on business operations
Option 4: Cultural differences and market conditions across borders
Correct Answer: Changes in technology and its impact on business operations
Solution : The correct answer is (C) Changes in technology and its impact on business operations
The technological environment of business includes factors related to changes in technology and its impact on business operations. It encompasses trends in technology, innovations, digital advancements, and how these developments influence how businesses operate and compete in the marketplace. Government policies and stability fall under the political environment, while economic conditions belong to the economic environment. Cultural differences and market conditions are part of the broader business environment but are not specifically within the technological environment.
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