Question : Which environment involves the study of changes in technology and its impact on business operations?
Option 1: Technological environment
Option 2: Economic environment
Option 3: Social environment
Option 4: Political environment
Correct Answer: Technological environment
Solution : The correct answer is (A) Technological environment
The technological environment involves the study of changes in technology and their impact on business operations. This environment focuses on technological advancements, innovations, and how businesses adapt to and utilize technology to remain competitive and efficient.
Question : Which environment involves the study of the impact of natural resources and ecological factors on businesses?
Option 2: Social environment
Option 3: Natural environment
Option 4: Economic environment
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