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.
2
Q
Types of technological development
A
- mechanisation
- automation
- digital payment systems
- internet
- e-commerce
3
Q
Mechanisatoin
A
turning a manual process into a mechanical one
4
Q
automation
A
robot automatically performing a task
5
Q
digital payment systems
A
keep records of sales, proof of purchase, consumers are likely to spend more with card
6
Q
internet
A
provides: history on business, a shopping cart, customer feedback, ability to market to attract new customers
7
Q
e-commerce
A
buying/selling via internet
