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Question
"Increase in the use of mobile phones and i-pods instead of papers and radio" refers to an example of key component of general environment of business. Identify the component of business environment.
Options
Technological
Political
Legal
Economic
MCQ
Solution
Technological
Explanation -
The technological environment encompasses forces related to scientific advancements and inventions that enable new means of manufacturing goods and services, as well as new business strategies and techniques.
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Dimensions of Business Environment
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