Technological factors are a part of a firm's ______ environment.
A) Industry
B) Operating
C) Economic
D) Remote

Question

Quizplus · Accepted Answer

Technological factors are considered a part of the remote environment, which consists of factors that are external to the firm and beyond its immediate control, such as economic, demographic, legal, and technological factors. The operating environment includes factors that are directly related to the firm's day-to-day operations, such as suppliers, customers, competitors, and the labor market, while the industry environment includes factors that affect all firms in a particular industry, such as market structure, industry trends, and regulatory environment.

Technological Factors Are a Part of a Firm's ______ Environment