3.9.4

Question 1

Two disadvantages of using new technology

Answer 1

-Very expensive to develop - if these products never make it to the market then businesses has wasted a lot of money.
-hasn’t been fully tested and can not work properly and have technical difficulties.

Question 2

How can production use technology to be more efficient.

Answer 2

-Can change in way the products are made, more increased capacity and improved quality.

Question 3

What is ERO enterprise resource planning?

Answer 3

Management software that allows a business to monitor activities.

Question 4

What is data mining?

Answer 4

Make sense of big data and supply useful information on customers and competitors to the functional areas of the business

Question 5

How does ERP benefit functional areas?

Answer 5

-Can help HR department track the work rates of staff to see who needs extra training or when productivity drops.
- Marketint can keep track on how well their promotional products are selling and to compare sales before and after promotion.
-finance might use data from previous infrastructure changes to budget for upcoming changes.