Technological Influences on business activity

Q1: How do changes in technology affect business activity?

Technology affects various business activities such as communication, production, administration, and sales. Businesses must adapt to stay competitive.

Q2: How is technology used in the workplace?

Technology is used for administration, communication, recruitment, stock control, through tools like databases, spreadsheets and networking.

Q3: What is the role of Computer Aided Design (CAD) in business?

used to make detailed designs and prototypes of products, making the design process quicker and more precise than older methods

what is prototype?

an early version of a product used to test its design and function before full production

What is Computer Aided Manufacture (CAM)?

using computer systems to control manufacturing processes, leading to greater precision and efficiency in production.

What is e-commerce?

buying and selling of goods and services online

what is m-commerce?

buying and selling of goods and services using w handheld devices like smartphones.

How do businesses use digital media and social media?

they use it to communicate with customers, promote products, gather feedback, and to gain brand recognition

What are the advantages of using new technology for businesses?

• Improved efficiency and productivity

• Better communication with customers

• Ability to reach a wider market through social media

What are the disadvantages of using new technology for businesses?

• High initial costs.

• Increased dependency on technology

• Security risks such as cyber-attacks

Why must businesses keep up with the latest technological developments?

In a dynamic and competitive market, businesses need to remain competitive and meet customer expectations.

Q10: How has social media changed the way businesses communicate with customers?

it allows businesses to interact with customers, promote products, respond to feedback, and build customer loyalty