Question

Philips, a company manufacturing light bulbs incurred heavy expenditure on scientific Research and Development and discovered a technology that made it possible to produce an energy efficient light bulb that lasts at least twenty times as long as a standard bulb. It resulted in growth and profitability of the company. (i) Identify and state the dimension of business environment mentioned above. (ii) State the importance of business environment mentioned above by quoting the lines. (iii) State any one value which the company wants to communicate to the society.

Answer 1

(i) the dimension of business environment is technological
(ii) improvement in performance
*It resulted in growth and profitability of the company
(iii) if you spend time and money eventually you will gain something