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. Phillips, a company manufacturing light bulb incurred heavy expenditure on scientific Research and Development and discovered a technology that made it possible to produce an energy efficient light bulb that last at least twenty times as long as a standard bulb. It resulted in growth and profitability of the company. (a) Identify and explain the dimension of business environment mentioned above. (b) State the point the dimension of business environment mentioned above by quoting the lines?
Most Upvoted Answer
. Phillips, a company manufacturing light bulb incurred heavy expendit...
A) Dimension of Business Environment: Technological Environment

Explanation: The technological environment refers to the application of scientific knowledge for practical purposes in various fields. In this case, the company incurred heavy expenditure on scientific research and development to discover a technology that resulted in the production of an energy-efficient and long-lasting light bulb. This technological advancement helped the company grow and become profitable.

b) "It resulted in growth and profitability of the company."

Explanation: The point of the technological environment dimension of the business environment is that companies need to continually invest in research and development to remain competitive. By investing in scientific research and development, Phillips was able to discover a technology that made it possible to produce an energy-efficient light bulb that lasts at least twenty times as long as a standard bulb. This technological advancement helped the company grow and become profitable. The technological environment is an important dimension of the business environment as it helps companies to innovate, develop new products, and stay ahead of their competitors.
Community Answer
. Phillips, a company manufacturing light bulb incurred heavy expendit...
A) Technological environment.
b)..... incurred heavy expenditure on R and D and discovered a technology that made it possible to produce an energy efficient light bulb that last at least twenty times as long as a standard bulb.
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. Phillips, a company manufacturing light bulb incurred heavy expenditure on scientific Research and Development and discovered a technology that made it possible to produce an energy efficient light bulb that last at least twenty times as long as a standard bulb. It resulted in growth and profitability of the company. (a) Identify and explain the dimension of business environment mentioned above. (b) State the point the dimension of business environment mentioned above by quoting the lines?
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. Phillips, a company manufacturing light bulb incurred heavy expenditure on scientific Research and Development and discovered a technology that made it possible to produce an energy efficient light bulb that last at least twenty times as long as a standard bulb. It resulted in growth and profitability of the company. (a) Identify and explain the dimension of business environment mentioned above. (b) State the point the dimension of business environment mentioned above by quoting the lines? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about . Phillips, a company manufacturing light bulb incurred heavy expenditure on scientific Research and Development and discovered a technology that made it possible to produce an energy efficient light bulb that last at least twenty times as long as a standard bulb. It resulted in growth and profitability of the company. (a) Identify and explain the dimension of business environment mentioned above. (b) State the point the dimension of business environment mentioned above by quoting the lines? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for . Phillips, a company manufacturing light bulb incurred heavy expenditure on scientific Research and Development and discovered a technology that made it possible to produce an energy efficient light bulb that last at least twenty times as long as a standard bulb. It resulted in growth and profitability of the company. (a) Identify and explain the dimension of business environment mentioned above. (b) State the point the dimension of business environment mentioned above by quoting the lines?.
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