The prevalent use of UPI (unified payment Interface) represents which dimension of Business environment? |
Political Technological Legal Social |
Technological |
The correct answer is option (2)- Technological. The prevalent use of UPI (Unified Payment Interface) represents the technological dimension of the business environment. UPI is a modern digital payment technology that enables fast and convenient electronic transactions. The adoption and prevalence of such technological innovations have a significant impact on the business environment by changing the way business is conducted and payments are made.
OTHER OPTIONS Political: The political dimension of the business environment pertains to the impact of government policies, regulations, and political stability on business operations. Political factors can include government interventions, trade policies, taxation, and regulations that can affect the conduct of business. Legal: The legal dimension of the business environment involves the impact of Laws and regulations on business activities. Social: The social dimension of the business environment refers to the influence of societal and cultural factors on business. |