How changes in technology possess a threat to business? – InterviewSolution

1.	How changes in technology possess a threat to business?
Answer» In order to increase quality and productivity of product/services man continuously invents new methods of production. New methods of production may require changing existing machinery or addition of new equipments or machinery. For example, with invention of smart phones manufacturers were forced to stop producing old fashioned phones and set-up new machineries and technology to produce smart phones. Thus, business remains under threat of constantly moving with the new technologies that come up in market. Failing to do so is a serious threat to business.

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