The prevalent use of UPI (unified payment Interface) represents which dimension of Business environment ?

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.

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. Legal factors include labor laws, intellectual property rights, contract.enforcement, and other legal frameworks that businesses must adhere to.

Social: The social dimension of the business environment refers to the influence of societal and cultural factors on business. Social factors encompass demographics, consumer behavior, cultural norms, and societal trends that can affect consumer preferences and market demand.