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

Answer 1

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.