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Which environment refers to external changes related to new machines and digital methods in business?

Answer and explanation

Correct answer: Technological environment

Technological environment includes external technological changes such as new machines, production methods, digital payments, automation, and new communication systems. Therefore, technological environment is correct. Economic environment is mainly related to income, prices, interest rates, and inflation, not new technology. Exam tip: words such as machines, digital methods, apps, automation, or new technology usually indicate the technological environment.

Related tags

Business EnvironmentTechnological EnvironmentExternal EnvironmentDigital TechnologyClass 12 Business StudiesBusiness StudiesClass 12 Mcq

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