When solar panels became popular in the market, Dabbanth, a company that manufactures and sells kitchenware, developed containers fitted with solar panels to keep the food in the containers heated for longer. Following this innovation, Dabbanth became a leading brand name. In the context of the general environment, this scenario best illustrates the effect of the _____ on organizations.

Question

Quizplus · Accepted Answer

The scenario highlights the impact of a technological innovation (solar panels) on an organization's product development and success in the market. This suggests that the technological component of the general environment (factors related to scientific advancements and innovations) plays a significant role in shaping the competitive landscape and market opportunities for businesses.

When Solar Panels Became Popular in the Market, Dabbanth, a Company