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Technology chapter
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Give one cost of technology to a business.
High capital costs / training / breakdown costs / redundancy costs / antivirus software.
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Name one example of communication technology used in business.
Emails, video conferencing, broadband, messaging.
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Give one use of a website for a business.
Promote products, sell online, provide information, 24/7 access.
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What is web analytics?
Tracking and analysing website traffic and customer behaviour.
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Give one cost and one benefit of buying new computers.
Cost: Expensive to buy / training needed. Benefit: Faster work / increased efficiency / saves time.
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Give one example of digital technology
Smartphones / tablets / computers / apps.
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What does ICT stand for?
Information Communication Technology.
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Name one way technology reduces business costs.
Fewer employees needed / reduced marketing costs / cheaper communication / less need for premises / work-from-home.
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What is a cost-benefit analysis?
Listing the costs and benefits of technology to decide if it is worthwhile.
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Give one reward of technology to a business
Instant worldwide communication / faster decision-making / online sales / cloud computing / password protection.
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Name one financial technology.
Online banking / payroll software / Excel.
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