The Impact of Digital Technology (Leaving Cert Business): Quizzes

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The Impact of Digital Technology
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What does digital transformation involve for businesses?

Using tech to create/modify processes

How does digital technology improve efficiency in businesses?

Fewer errors and faster speeds

What role does a marketplace model business play?

Acts as mediator, doesn't own products

What percentage of online shoppers go straight to large online marketplaces?

48%

What is a key advantage of the subscription model for businesses?

Predictable revenue and accurate forecasts

How does crowdfunding work?

Small amounts from many individuals

Which companies use the advertising-supported model?

Google, Facebook, and YouTube

What does the freemium model offer?

Basic version free, premium features paid

How do affiliates earn money?

Commission from purchases via their links

Which company did IKEA acquire in 2017 for e-commerce logistics?

TaskRabbit

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