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Class 12 Business Studies Business Environment Technological environmentEasy

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If new technology reduces production cost then what is the usual effect on business?

Answer and explanation

Correct answer: Efficiency may increase

Reduced cost may increase efficiency and competitiveness. In exams link technology's effect with cost and quality.

Related tags

Business-Environment Technological-Environment Efficiency Class-12 Technological Environment Business Environment Business Studies Class 12 Mcq

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