Technology and business (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What role does technology play in modern businesses?
What role does technology play in modern businesses?
Powerful catalyst for change
What key advantage do e-commerce platforms provide to businesses?
What key advantage do e-commerce platforms provide to businesses?
Reach customers beyond physical location
What do social media channels help businesses achieve?
What do social media channels help businesses achieve?
Marketing, engagement, & brand building
How do electronic payment systems benefit businesses?
How do electronic payment systems benefit businesses?
Improve cash flow management
Which tools are examples of digital communication technology?
Which tools are examples of digital communication technology?
Email and QR codes
What does investing in cutting-edge technology typically require?
What does investing in cutting-edge technology typically require?
Substantial financial commitment
What happens to businesses that fail to keep pace with technological advances?
What happens to businesses that fail to keep pace with technological advances?
May lose competitive position & fail
What long-term benefit does technology provide despite high initial costs?
What long-term benefit does technology provide despite high initial costs?
Improve efficiency & reduce ongoing costs
How does incorporating latest technology into products affect sales?
How does incorporating latest technology into products affect sales?
Increases customer demand & boosts sales
How can technology impact production costs in the marketing mix?
How can technology impact production costs in the marketing mix?
Lower costs, making products affordable
What unique customer benefit does e-commerce provide?
What unique customer benefit does e-commerce provide?
Purchase products anytime from anywhere
How do digital communication tools enhance customer relationships?
How do digital communication tools enhance customer relationships?
Improve response times & personalisation