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Transactions becoming easier through mobile banking applications are related to which dimension of the business environment?

Answer and explanation

Correct answer: Technological dimension

The correct answer is C, the technological dimension. A mobile banking application uses digital networks, software, smartphones, data security systems and electronic payment technology to make transactions faster and more convenient. Technological developments change how businesses deliver services, communicate with customers and manage operations. The economic dimension may influence the volume or cost of transactions, but it is not the main factor described. The political dimension relates to government decisions and political conditions, while the social dimension relates to lifestyles and social attitudes. Since the direct cause of improved convenience is the adoption of a digital application and related innovation, the situation is primarily an example of the technological environment.

Related tags

Business EnvironmentTechnological EnvironmentMobile BankingDigital InnovationBusiness StudiesClass 12 Mcq

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