which dimension of environment is highlighted in following pictorial presentation? explain briefly
Answers
Explanation:
(i) Economic environment
(ii) Social environment
(iii) Technological environment
(iv) Legal environment
(v) Political environment.
Environment has three dimensions, viz. physical, biological and social. The physical environment consists of abiotic or non-living components such as land, air and water.
Answer:
Technological environment is the dimension of business environment which is highlighted in the given pictorial presentation.
Explanation:
The technological environment is part of the company's external environment related to developments and changes in technology. Further, the word 'technology' is usually associated with technique and equipment. Their change raises threats and opportunities for the company.
Technological Environment means the development in the field of technology which affects business by new inventions of productions and other improvements in techniques to perform the business work. Technological environment consists of external factors in technology that impact business operations.
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