Recent news articles indicate that traditional retail outlets such as malls and
ID: 1135413 • Letter: R
Question
Recent news articles indicate that traditional retail outlets such as malls and big box stores are becoming less and less profitable as online marketing becomes more and more prominent. In fact, as malls are beingabandoned, they are being replaced by huge warehouses and transfer stations that allow companies such as Amazon to get products to customers faster and cheaper by using data trends, algorithms, and other highly sophisticated predictive models. Which dimension of the external environment BEST encompasses the factors affecting malls and box stores?
A.
Political-legal environment
B.
Technological environment
C.
Sociocultural environment
D.
Economic environment
E.
Global business environment
Explanation / Answer
Answer : Option B is correct. Technological environment is dimensions of the external environment best encompass the factor affecting malls and box stores.As new technology of on line selling are available in the market.On - Line selling change the customer faster taste and trend as well as comfortable .
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