Final answer:
The correct answer is b. It can be a source of Creative Destruction. The technological environment has a significant impact on businesses today, influencing competition and creating new opportunities.
Step-by-step explanation:
The correct answer is b. It can be a source of Creative Destruction.
The technological environment has a significant impact on businesses today. Technological advancements can create new products, services, and processes that disrupt existing industries and create new ones. This process is known as Creative Destruction. For example, the development of smartphones and mobile apps has revolutionized the way we communicate, shop, and access information, leading to the decline of traditional industries like landline phones and physical retail stores.
Furthermore, technological advancements also affect competition in the market. Companies that can adapt and leverage technology to improve their products or operations can gain a competitive advantage over their rivals. On the other hand, companies that fail to embrace technology or adapt to changing consumer preferences may struggle to survive.