Question

Explain the impact of technology on business in business environment

Answer 1

Answer:

Technological change offers risks, opportunities and threats to businesses. Some businesses can leverage changing technology to improve products and processes or even create new products and processes that will expand markets and profits.

Answer 2

Technology has important effects on business operations. No matter the size of your enterprise, technology has both tangible and intangible benefits that will help you make money and produce the results your customers demand. Technological infrastructure affects the culture, efficiency and relationships of a business.