Which situation is an example of a technological force in the business environment?
Correct answer: B. The introduction of mobile payment systems
- A. A rise in the minimum wage
- B. The introduction of mobile payment systems
- C. A change in consumer age patterns
- D. A new import duty on machinery
Explanation
Mobile payment systems represent technological change that can alter how firms sell and receive payments. Minimum wages are economic or legal issues, age patterns are social, and import duties are political or legal factors.
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About The Business Environment
Business environment includes the internal factors and external forces that affect business decisions, performance and survival. It covers customers, competitors, suppliers, government, technology, economic conditions, society, law and ecology, including the distinction between the microenvironment and the wider PESTLE environment.
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