The Technological Dimension of the General Environment Includes Scientific and Technological

question 4

True/False

The technological dimension of the general environment includes scientific and technological advancements in a specific industry, as well as in society at large.

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Definitions:

Inventory

The total amount of goods and materials held in stock by a business, intended for sale or production purposes.

Ordinary Course

Activities or transactions that are regular, customary, and in keeping with the normal operations of a business or individual’s day-to-day life.

Durable Goods

Consumer goods that have a long life span (over three years) and are used over time, such as cars or appliances.

Farm Products

Goods that are derived from agriculture, including crops and livestock.