3.4 - Technological Factors

Question 1

Technological factors include matters such as:

Answer 1

• Increased automation
• The rate of technological change
• Influence of technology on outsourcing decisions

Question 2

Results of automation within the finance industry

Answer 2

• Increasing speed and efficiency

- Less face-to-face advice and sales

Question 3

What is the digital divide doing?

Answer 3

Widening the gap between those who are computer literate and have full access to the internet and those who are not and do not

Question 4

Technological external factor examples:

Answer 4

• Technological development
• Communication
• Consumer buying trends