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What is a key characteristic of the technological environment in business?
What is a key characteristic of the technological environment in business?
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What is a key characteristic of the technological environment in business?
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The technological environment is characterized by rapid innovation and advancements.
Questions & Step-by-step Solutions
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Q: What is a key characteristic of the technological environment in business?
Solution:
The technological environment is characterized by rapid innovation and advancements.
Steps: 4
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Step 1: Understand what the technological environment means in business. It refers to the tools, systems, and innovations that businesses use.
Step 2: Recognize that this environment is always changing. New technologies are developed quickly.
Step 3: Identify that rapid innovation means that businesses must adapt to new technologies to stay competitive.
Step 4: Conclude that a key characteristic of the technological environment is its fast pace of change and improvement.
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