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Which example shows technological environment increasing time-based competition?

Answer and explanation

Correct answer: Customers expect same-day delivery because competitors are doing it

The governing concept is that the technological environment includes innovations and digital systems that change how quickly firms can produce, communicate and deliver services. Online ordering, real-time tracking and logistics technology allow competitors to promise same-day delivery. Once one firm sets this standard, customers begin comparing businesses by delivery time, so competition becomes time-based as well as price- or quality-based. Therefore, option A is correct: the technological change raises customer expectations and forces rival firms to respond faster. An annual celebration is an internal social activity, installing a clock does not itself create market competition, and a census is a governmental activity rather than a technological pressure on delivery speed.

Related tags

Business-EnvironmentTechnological-EnvironmentTime-Based-CompetitionClass-12Technological EnvironmentBusiness EnvironmentBusiness StudiesClass 12 Mcq

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