Technological factors Flashcards
1
Q
What are technological factors ?
A
New production processes, robotics and automation
2
Q
What are 3 technological factors affecting businesses ?
A
- Automation
- Communication technology
- Disruptive technologies
3
Q
What are 2 impacts of technological factors on businesses and stakeholders ?
A
- Automation = higher quality production
- Communication technology = improvements in access to business products and services, large reductions in costs
