New Technology- In the Workplace Flashcards
How does computer software improve productivity?
Word processors and desktop publishing- easy to produce professional documents
Internet- customers can instantly be emailed
Bar codes- shopping is quicker
Credit card machines- money transferred easily
Why do businesses choose to go online (sometimes as well as going on the high street)?
Millions of potential customers could look at your website
It can advertise on social media, other websites
What is e-commerce?
Buying and selling online
What are the benefits of e-commerce?
Customers can shop at any time of the day or night, huge range of stock
Prices are often lower online- no rent
Customers can compare several products
What are the problems of e-commerce?
Not all firms online are trustworthy
Products can’t be seen before buying, they take time to get to you
Can be difficult to return goods
What are the 3 reasons firms want to adopt e-commerce?
Competition
Profitability
Political Pressure
Why can e-commerce be cheaper than instore?
Fewer staff needed
Reduces fixed costs- rent
