Question : Which of the following is a component of the general environment?
Option 1: Economic factors
Option 2: Technological factors
Option 3: Competitors
Option 4: Political factors
Correct Answer: Technological factors
Solution : The correct answer is (B) Technological factors
Technological factors encompass advancements in technology, research and development, and innovation. These factors can shape the competitive landscape, impact product development, and create new opportunities and threats for businesses.
So, in the context of the general environment is more closely related to the task or specific environment, which includes entities that directly impact the organization's competitive position and strategies.
Question : Which of the following is NOT a component of the general environment
Question : Which of the following is a component of the competitive environment?
Option 1: Suppliers
Option 2: Customers
Option 3: Economic conditions
Option 4: Technological advancements
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