wonders such as smartphones, driverless cars, and antibiotics can be attributed to which marketing environment?

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18-10-2022
Business

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wonders such as smartphones, driverless cars, and antibiotics can be attributed to which marketing environment?

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-21T07:59:58+02:00

Wonders such as smartphones, driverless cars, and antibiotics can be attributed to technological environment.

The technological environment is an external element of the business environment that is tied to technological developments and transformations. Furthermore, the word "technology" is commonly linked to technique and equipment. Threats and possibilities for the company are enhanced by their change.

Scanning of technological environment is very important for the business in order to survive in highly dynamic business environment. Technological environment affects various aspect of business. Early adopters of technological advances often boost their market share and operating margins. As a consequence, companies need to track changes and trends. Utilizing opportunities while minimizing threats is the goal. The business can stay competitive in this manner.