Ryron Bank, a Private Bank, Introduced Internet Banking Facilities for Its

question 70

Multiple Choice

Ryron Bank, a private bank, introduced Internet banking facilities for its customers after the government demonetized hundred dollar bills. Customers who were reluctant to use credit cards for their daily purchases were enthusiastic about this new option. In this context, which dimension of the business environment is affected the most?

• A) The social environment
• B) The technological environment
• C) The political environment
• D) The global environment

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Definitions:

Personality

Refers to individual differences in characteristic patterns of thinking, feeling, and behaving.

Integrative Processes

Cooperative tactics and strategies in negotiation or conflict resolution that aim at achieving mutually beneficial outcomes.

Decrease Trust

The process of losing confidence in someone or something, often due to actions considered dishonest or unreliable.

Trustors

Individuals or entities that place trust in another, often in contexts involving the transfer of information, responsibilities, or assets.