Economic/Social Impact Flashcards

1
Q

Competitive advantage?

A

Dynamic websites and social networking can give businesses an advantage over their competitors`

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2
Q

Global marketplace?

A

Businesses now have access to, and are able to cater for customers across the globe.

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3
Q

Business costs?

A

costs involved in setting up a business have changed, no need for expensive premises, it is cheap to set up e-commerce.

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4
Q

Maintainability?

A

Quickly updatable, database driven websites, make it easy to upgrade prices, put on special offers or change branding to suit business needs.

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5
Q

Scalability?

A

It can be easy for businesses to adjust according to changing customer base, high street premises are not a requirement.

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6
Q

Censorship and Freedom of speech? Social Impact

A

Anybody can make their views heard online but some governments may try to impose censorship on content which is acceptable elsewhere.

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7
Q

Privacy and encryption? Social Impact

A

Huge amounts of data about individuals are stored and shared readily, leading to concerns about invasion of privacy and the need for encryption by all data

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8
Q

Global citizenship? Social Impact

A

Online communities and a breaking down of international barriers has led to idea of the global citizen, somebody who is aware of their responsibilities and impact upon the planet as a whole

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9
Q

Online communities? Social impact

A

allow people from anywhere in the world to interact and collaborate.

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