What role does technology play in the business environment?
Practice Questions
1 question
Q1
What role does technology play in the business environment?
It has no significant impact
It only affects large corporations
It can create new opportunities and challenges
It is only relevant in manufacturing industries
Technology significantly influences the business environment by creating new opportunities for innovation and efficiency, as well as challenges in adaptation.
Questions & Step-by-step Solutions
1 item
Q
Q: What role does technology play in the business environment?
Solution: Technology significantly influences the business environment by creating new opportunities for innovation and efficiency, as well as challenges in adaptation.
Steps: 5
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.
