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BUSINESS ENVIROMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMBUSINESS ENVIROMENT3 Marks
Question
Give details of technological factors affecting business environment.
✓

Answer

Technological factors include the type of technology used. Management thinks about the type of product / service and its simple use etc.
  • The cause of speedy change in technology is because of research and development carried out in the country.
  • To some extent import from foreign countries is also responsible.
  • At one stage in Indian concept of employment was accepted and less use of machines was appreciated.
  • But as a part of liberalization maximum use of machine is accepted.
  • Many industries use robot for qualitative product and large scale production.
  • All banks have provided e-banking and m-banking facilities in such a manner as customers can use and understand it easily.
  • To avail benefit of an E-banking computers with internet connection are necessary and smart mobile phone is required to avail M-Baking facility.

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