Question

Which statement below best represents the technological environment of business?
a. Because service businesses employ approximately 86 percent of the nation's workforce, we now have a
service economy
O b. Every day, business owners must figure out what makes their business successful and how the goods and
services they provide are different from the competition.
O c. Many businesses are now using social media to provide customers with information about products and
services,
O d. Both small and large business firms reduced both spending and hiring new employees during the last
recession because of the nation's unstable economy.
e. There are many "potential customers in developing nations that will buy goods and services manufactured
by U.S. firms

Answer 1

Every day, business owners must figure out what makes their business successful and how the goods and services they provide are different from the competition.

The statement b is the correct one and best represents the technological environment of business, since a technological environment in organizations is one whose knowledge development generates creative innovations that improve a company's products and services.

Technology affects the operationalization as a whole, bringing more solutions and differentiation to a company, which is essential for companies to survive in the long term in a competitive and globalized environment.

So business owners must find out what makes their businesses successful and how products and the services they provide are different from those of the competition.

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