Question
Write three impacts of technological environment on business.
Solution
The following are the examples of impact of technological environment on business:
(i) With the advent of television in the market, the cinema and the radio industry were adversely affected.
(ii) With the arrival of the photostat machines in the market, the carbon paper industry suffered a set back.
(iii) With the entry of synthetic thread in the market, the cotton cloth industry was badly affected.
