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When does technological environment become an opportunity for business?

Answer and explanation

Correct answer: When new technology helps offer better product or service

The governing concept is that changes in the technological environment can create either opportunities or threats, depending on how a business responds. Technology becomes an opportunity when an enterprise adopts it to improve quality, reduce cost, reach new customers, create a new product, or deliver a better service. Therefore, option A is correct because using new technology to offer a better product or service can increase customer value and competitiveness. Options B, C, and D describe harmful or ineffective actions: hiding information reduces trust, stopping customer contact weakens service, and permanently stopping production prevents the business from operating. The positive and productive use of innovation is the key test.

Related tags

Technological EnvironmentTechnology OpportunityInnovationNew ProductBusiness EnvironmentBusiness StudiesClass 12 Mcq

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