General Studies · Business Environment
Consider the following statements regarding Technological Factors in macro-environmental analysis: Statement 1: Technological factors encompass variables such as the rate of technological innovation, automation, research and development (R&D) activity, and technology infrastructure. Statement 2: Rapid technological change secures the long-term viability of existing products and processes, preventing them from becoming obsolete. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements are false.
- 2Both statements are true.
- 3Statement 1 is false, but Statement 2 is true.
- 4Statement 1 is true, but Statement 2 is false.✓
Correct answer
Statement 1 is true, but Statement 2 is false.
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