7.7 - Technology

Question 1

What are the different types of technology used in business?

Answer 1

• Information technology
• Machinery
• Internet

Question 2

Technological innovation can be split into what sections?

Answer 2

• Processes
• Products
• Communication

Question 3

Advantages of new technology:

Answer 3

• More efficient
• Less wastage
• Improve quality
• New products
• E-commerce

Question 4

Disadvantages of new technology:

Answer 4

• Cost
• Keeping up to date
• Choosing the right technology

Question 5

Influences on the extent to which technology impacts a business:

Answer 5

• Culture
• Size of business
• Activities

Question 6

What do businesses need to think about when thinking of implementing new technology?

Answer 6

• How will the workforce react?
• Financial implications
• Is it worth the problems it creates?