What role does technology play in the business environment?
Correct Answer: Technology creates new opportunities and challenges in business.
- Step 1: Understand that technology includes tools, software, and systems that help businesses operate.
- Step 2: Recognize that technology can improve efficiency by automating tasks and speeding up processes.
- Step 3: Identify that technology creates new opportunities for innovation, allowing businesses to develop new products and services.
- Step 4: Acknowledge that businesses must adapt to new technologies to stay competitive, which can be a challenge.
- Step 5: Conclude that technology plays a crucial role in shaping how businesses function and grow.
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