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Development of mobile banking apps is related to which dimension?

Answer and explanation

Correct answer: Technological dimension

The governing concept is that the technological environment covers inventions and digital applications that change how products and services are created, delivered or used. A mobile banking app is software operating through mobile devices, communication networks and digital processing; its development is therefore a technological innovation. Option D is correct. The economic environment may influence banking demand, income or investment, while the legal environment may regulate data protection and transactions. The social environment may explain customer preference for convenient banking, but those are surrounding influences rather than the dimension identified by the development of the app itself.

Related tags

Business EnvironmentTechnological EnvironmentMobile BankingBusiness StudiesClass 12 Mcq

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