Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

What is a common feature in the ways retailers operate due to technological advances?

Options:

Limited stock replenishment

Manual record-keeping

Direct links with suppliers for stock replenishment

Absence of online presence

Correct Answer:

Direct links with suppliers for stock replenishment

Explanation:

Technological environment includes forces relating to scientific improvements and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business. For example, recent technological, advances in computers and electronics have modified the ways in which companies advertise their products. It is common now to see computerised information kiosks, and World Wide Web multimedia pages highlighting the virtues of products. Similarly, retailers have direct links with suppliers who replenish stocks when needed. Manufacturers have flexible manufacturing systems.