Chapter 5: The relationship between businesses and the technological environment

Question 1

What is technological change?

Answer 1

Technological change means adapting new applications of practical or mechanical sciences to industry and commerce

Question 2

What is information technology?

Answer 2

Information Technology is the creation, storage and communication of information using microelectronics, computers and telecommunications.

Question 3

Name the benefits of technological change

Answer 3

Improved efficiency 
Better products and services
New products and material 
Advances in communication
Improved working environment

Question 4

What are the issues to consider when introducing new technology?

Answer 4

The cost of keeping up to date
Knowing what new technology to buy and when to buy it
Ensuring that new technology is compatible with existing technology
Marketing opportunities
The culture of the business
The processes and systems used within the business