Question

With a revolution taking place in the manufacturing of mobile phones with super class cameras, the business of cameras in the consumer market has taken a hit. Studies show that mobile phone photography has devastated the camera industry. 

The dimension of business environment highlighted in the above case is: 

(a) Economic Environment 

(b) Technological Environment 

(c) Social Environment 

(d) Political Environment

Answer 1

(b) Technological Environment 

Technological Environment of business includes forces relating to scientific improvements and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business.