Business Environment - Barnes

Question 1

Primary:

Answer 1

Acts as an foundation for other businesses (Farms etc) also known as the source of the product/components

Question 2

Secondary:

Answer 2

Converts what they receive into a product (Producers)

Question 3

Tertiary:

Answer 3

Provides service to the public (E.g / Hotels, Retails, Restaurants, Barbers etc)

Question 4

Quaternary:

Answer 4

Technology mainly resides here so example; Phone, Cable and internet providers

Question 5

EPOS:

Answer 5

EPOS stands for Electronic Point of Sale. EPOS systems are digital payment systems that enable businesses to process payments, interact with customers and store data. They are often used in retail stores, restaurants, hotels, and other service-oriented businesses. POS stands for Point of Sale.

Such examples would include:

Self checkout points at shops/supermarkets
Stock management
Computer shows stock levels
Automatically reorders when hit minimum

It also allows users to check on levels of stock/automatically reorder more inventory when necessary

Question 6

Emerging Technologies -

Answer 6

New Coming/Upcoming tech products/trends coming to the market

Question 7

Purpose of the logistics department:

Answer 7

They are a department that specialises responsible for the delivery of new stock

Question 8

How does tech help difference departments at the same project:

Answer 8

They can cross collaboratively work streamlining

Question 9

Collaborative Technologies:

Answer 9

A peak of an example for collaborative technologies would be in lockdown during covid 2020 onwards were programs such as Google Classroom/Suite and Microsoft Teams were using by millions or possibly billions across the world for collaborative work between students and workers for school and work.

Although a internet is required; it has the possibility to save businesses a lot of money as it does not require workers to come into work physically anymore; and instead work from home.

4 Types of Collaborative Technologies

Alliances
Portfolios
Innovation Networks
Eco-systems

Question 10

Workflow -

Answer 10

Workflow is the ideology of a system for the process that a structure undertakes.

Question 11

Feasibility Study -

Answer 11

An in-depth research about a potential new product and if it should go ahead

Question 12

SWOT -

Answer 12

Strength Weakness Opportunity Threat

Question 13

Porter’s Value Chain

Answer 13

The value chain framework is made up of five primary activities inbound operations, operations, outbound logistics, marketing and sales, service.

Question 14

PESTLE

Answer 14

P - Political
E - Economical
S - Social
T - Tech
L - Legal
E - Environment

Question 15

Zero Day

Answer 15

The day its launched/released, their may be many flaws which could be exploited. So there is no patches to combat unforseen hacking attempts

E.g Apps/Softwares/Games

Question 16

What is a planned Factor for change:

Answer 16

Planned change occurs when deliberate decisions are made in an organization, while unplanned change is a result of unforeseen occurrences.

Question 17

What is the difference between between a PESTLE and STEEPLE analysis:

Answer 17

The PESTLE analysis is a strategic framework that is used to evaluate the environment in which an organisation operates. The STEEPLE analysis also provides an overview of the macro-environmental factors that impact an organisation but with an additional seventh factor

Question 18

How is a change in organisation structure an internal factor of change:

Answer 18

A new leadership (e.g supervisor/manager) is a strong internal factor which affects change.

Question 19

Human Resources

Answer 19

Human resources (HR) is the division of a business responsible for finding, screening, recruiting, and training job applicants. HR also administers employee-benefit programs. A human resources department also handles compensation and benefits, and employee terminations.

Question 20

Research, Design and Development

Answer 20

DDR research allows instructional designers a pathway to test theory, models, and frameworks and to authenticate practice. The focus of DDR is on the use, design, development, implementation, and evaluation of products, tools, programs, and models using instructional design models and frameworks.

Question 21

Logistics

Answer 21

Logistics describes the process of coordinating and moving resources—people, materials, inventory, and equipment—from one location to storage at the desired destination.

Question 22

Marketing

Answer 22

Marketing is the process of getting people interested in your company’s product or service. This happens through market research, analysis, and understanding your ideal customer’s interests. Marketing pertains to all aspects of a business, including product development, distribution methods, sales, and advertising

Question 23

Finance

Answer 23

Finance is a term for matters regarding the management, creation, and study of money and investments. It involves the use of credit and debt, securities, and investment to finance current projects using future income flows.

Question 24

Management

Answer 24

Management is the coordination and administration of tasks to achieve a goal. Such administration activities include setting the organization’s strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources.

Question 25

Cloud

Answer 25

Cloud computing technology gives users access to storage, files, software, and servers through their internet-connected devices: computers, smartphones, tablets, and wearables. Cloud computing providers store and process data in a location that’s separate from end users.

Question 26

Accessibility

Answer 26

Web accessibility means that websites, tools, and technologies are designed and developed so that people with disabilities can use them. More specifically, people can: perceive, understand, navigate, and interact with the Web. contribute to the Web.

By making your website accessible, you are ensuring that all of your potential users, including people with disabilities, have a decent user experience and are able to easily access your information. By implementing accessibility best practices, you are also improving the usability of the site for all users.