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If a new machine produces faster than the old method, which external component is shown?

Answer and explanation

Correct answer: Technological component

The governing concept is the technological dimension of the business environment. This dimension includes inventions, machinery, automation, production techniques, digital systems and other changes that improve or alter how goods and services are produced. In the situation given, a new machine makes production faster, so technology is directly affecting business operations. Therefore option C, the technological component, is correct. A natural component relates to climate, land and other physical resources. A legal component concerns laws, regulations and government rules. “Personal component” is not a standard external dimension of the business environment. The key clue is the new machine and its effect on production speed.

Related tags

Technological-EnvironmentNew-MachineBusiness-EnvironmentTechnological EnvironmentBusiness EnvironmentBusiness StudiesClass 12 Mcq

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