Technological Environment (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does technology act as in business according to strategic management principles?
What does technology act as in business according to strategic management principles?
A double-edged sword
What is mass customisation?
What is mass customisation?
Adapting products to individual preferences
How did ebook technology reduce barriers to entry for publishers?
How did ebook technology reduce barriers to entry for publishers?
Eliminated need for printing facilities
What key advantage does e-commerce provide to businesses?
What key advantage does e-commerce provide to businesses?
24/7 sales opportunities year-round
What is the main risk of obsolescence with technology investments?
What is the main risk of obsolescence with technology investments?
Newer tech emerges before recovering costs
How does technology affect market competition?
How does technology affect market competition?
Reduces barriers for all, raising rivalry
What is the primary benefit of ERP software?
What is the primary benefit of ERP software?
Centralises data from all departments
What significant risk does ERP software introduce?
What significant risk does ERP software introduce?
Decisions made without proper consultation
How do centralised stock control systems help businesses?
How do centralised stock control systems help businesses?
Reduce costs & increase sales efficiency
What major consideration exists when adopting CAD and 3D printing?
What major consideration exists when adopting CAD and 3D printing?
Considerable upfront expenses required