7.7 - Technology Flashcards

1
Q

What are the different types of technology used in business?

A
  • Information technology
  • Machinery
  • Internet
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2
Q

Technological innovation can be split into what sections?

A
  • Processes
  • Products
  • Communication
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3
Q

Advantages of new technology:

A
  • More efficient
  • Less wastage
  • Improve quality
  • New products
  • E-commerce
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4
Q

Disadvantages of new technology:

A
  • Cost
  • Keeping up to date
  • Choosing the right technology
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5
Q

Influences on the extent to which technology impacts a business:

A
  • Culture
  • Size of business
  • Activities
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6
Q

What do businesses need to think about when thinking of implementing new technology?

A
  • How will the workforce react?
  • Financial implications
  • Is it worth the problems it creates?
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