TECHNOLOGICAL DEVELOPMENT Flashcards

1
Q

Technological development

A

human labour is replaced by machines eg. computers, a macro environmental pressure - a business has no control over.

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2
Q

Types of technological development

A
  1. mechanisation
  2. automation
  3. digital payment systems
  4. internet
  5. e-commerce
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3
Q

Mechanisatoin

A

turning a manual process into a mechanical one

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4
Q

automation

A

robot automatically performing a task

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5
Q

digital payment systems

A

keep records of sales, proof of purchase, consumers are likely to spend more with card

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6
Q

internet

A

provides: history on business, a shopping cart, customer feedback, ability to market to attract new customers

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7
Q

e-commerce

A

buying/selling via internet

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