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Business 2018 Summer Exam > Impact Of Technology > Flashcards

Flashcards in Impact Of Technology Deck (13)
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1
Q

ICT

A

Information and communications technology. The term used to describe the use of technology to send, receive, store, analyse, gather and communicate information.

2
Q

Digital technologies

A

terms used to describe the use of digital resources like computers, tablets and smartphones to create, store, manage and share information.

3
Q

Uses of technology in a business

A

To communicate with customers, other businesses and staff
To train staff
To design and produce products and services

4
Q

Technologies used in a business

A

Databases
Email
Internet
Wi-Fi

5
Q

Benefits of staff using technologies

A

Email to communicate with staff, job vacancies and applications can be viewed and filled out online, training of staff can be completed online

6
Q

Benefits of technologies for market research

A

Field research can be gathered and analysed easily, desk research is made quicker and easier, products/services can be sold online

7
Q

Benefits of technologies for production

A

Suppliers can be researched, digital machines can be used to produce goods

8
Q

Benefits of technology for finance

A

Accounts and budgets can be made on spreadsheets, graphs and charts can be used

9
Q

Benefits of technology for administration

A

Customer information can be stored on databases, letters can be replaced by emails

10
Q

Why costs may decrease due to technologies

A

New technologies reduce the number of staff needed, emails replace letters

11
Q

Why costs may increase because of new technologies

A

New technologies cost a lot, expensive to repair technologies

12
Q

Opportunities of using technology

A

Increased sales due to mass production, allows a business to identify a target market

13
Q

Threats of using technology

A

Risk of technology failing, increased risk of hacking