Economy, asked by farmanimtiaz, 1 year ago

what is technology explain the impact of technology on business

Answers

Answered by Anonymous

Hello dear friend

Here is your answer
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Fast improvement in technology during the last 50 years, such as improvements in transportation Technology have resulted in much faster delivery of goods across long distances at lower costs.

The developments in Information and Communication Technology (ICT) have totally revolutionized the way trade is conducted.
Telecommunications facilities ( Telegraph telephone mobile phones, fax) and satellite communication devices are used to contact one another around the world to access information instantly and to communicate from remote areas.

farmanimtiaz: Hi Krishu thanks for your answer but please can you explain the Impact of technology on business environment

Answered by vamsibat10

Technology is body of knowledge where we apply our science to create new tools,things and machinary for the sake of better livelihood.
The impact of technology on business is huge because business and its industries mainly depends on new machinary and transportation.And increasing technology at present improves the capacity of industries and enables easier transportation in many ways.New tech also have a great demand in market so technology has a impact on business

farmanimtiaz: thanks for your answer but please can you explain the Impact of technology on business

vamsibat10: hey farman! ok I can explain it in deeper

farmanimtiaz: thanks Vamsi its my MBA assignment if you can explain me only the impact of technology on business. It will work for me.

vamsibat10: ok! Today's technology like mobile,banking,communication etc., makes business easier.Improved technology enhanced communications and now business men are able contact any one in the world qith in seconds and can make relations.computers also helped to ease the business work.E-mails and electronic banking allowed business people to finish their work very fast and save time and money.Technology is also a factor for establiahment of Globalisation.It helped to increase productivity .

vamsibat10: Technology in transportation also enabled us to deliver goods faster and at very low costs

vamsibat10: So technology helps business men to save their money,time,to improve their productivity,to collaborate with the rest of the world

vamsibat10: Therefore technology has great on business.If you like the answer plz mark me as brainliest

vamsibat10: thanks boss

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