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Class 12 Business Studies Business Environment Technological environmentMedium

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An old typewriter company faced falling demand due to the spread of computers. This is a result of what?

Answer and explanation

Correct answer: Technological obsolescence

Computers made typewriters obsolete. The effect of new technology on old products is called obsolescence.

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

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