What is a key characteristic of the technological environment in business?

What is a key characteristic of the technological environment in business?

Step 1: Understand what the technological environment means in business. It refers to the tools, systems, and innovations that businesses use.
Step 2: Recognize that this environment is always changing. New technologies are developed quickly.
Step 3: Identify that rapid innovation means that businesses must adapt to new technologies to stay competitive.
Step 4: Conclude that a key characteristic of the technological environment is its fast pace of change and improvement.

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