The Impact of Digital Technology (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Digital transformation
Digital transformation
Using digital tech to create/modify business processes & experiences
Marketplace model
Marketplace model
Online platform where multiple buyers & sellers interact & transact
Subscription model
Subscription model
Consumers pay monthly/yearly fees for continuous access to service
Crowdfunding model
Crowdfunding model
Raising small amounts from many individuals to finance new venture
Advertising-supported model
Advertising-supported model
Business sells ad space online; revenue from advertisers not users
Freemium model
Freemium model
Basic product/service free; charges for premium features
Affiliate model
Affiliate model
Earning commission when public buys via direct link from your ad
% of online shoppers going to large marketplaces
% of online shoppers going to large marketplaces
48%
IKEA's digital tech for furniture shopping
IKEA's digital tech for furniture shopping
Augmented reality to visualise furniture in homes before purchase
Value of Big Four tech companies (Amazon, Apple, Google, Meta)
Value of Big Four tech companies (Amazon, Apple, Google, Meta)
$4 trillion