Cards (29)

    • Information Technology (IT) improves communication, data management, and decision-making in business.

      True
    • Using technology can help businesses gain a competitive advantage in the market.

      True
    • Order the types of business technology based on their primary impact on business operations:
      1️⃣ Production Technology: Automates manufacturing processes
      2️⃣ Financial Technology (FinTech): Provides digital banking services
      3️⃣ Information Technology (IT): Improves data management
      4️⃣ Communication Technology: Enables remote work
    • Communication Technology enables remote work
    • How does Information Technology (IT) improve business processes?
      Better communication, data management
    • E-commerce platforms allow direct online sales and secure transactions.

      True
    • Social media facilitates two-way communication and feedback collection
    • The initial cost of implementing new technology can be a significant challenge for small businesses.

      True
    • Cybersecurity risks are a major concern when adopting new digital technologies.

      True
    • What is the purpose of technology in business?
      Improve efficiency, productivity, competitiveness
    • What does production technology automate and streamline in business?
      Manufacturing processes
    • What is the primary impact of Financial Technology (FinTech) on businesses?
      Digital banking, payment processing
    • How does technology improve customer experience in business?
      Better engagement, personalized service
    • What are the key components of digital marketing tools?
      Social media, email campaigns, SEO
    • Match the type of technology with its impact on business:
      Information Technology (IT) ↔️ Improves communication, data management, and decision-making
      Production Technology ↔️ Automates and streamlines manufacturing processes
      Communication Technology ↔️ Enables remote work, online marketing, and global collaboration
      Financial Technology (FinTech) ↔️ Provides digital banking, payment processing, and financial services
    • Information Technology (IT) improves communication, data management, and decision-making
    • Digital marketing tools like SEO and social media enable targeted promotions
    • CRM systems personalize interactions and manage customer data
    • Resistance to change from employees can reduce productivity and efficiency
    • Match the strategy for managing technological change with its description:
      Employee Training ↔️ Reduces resistance to change by ensuring employees can use new technologies effectively
      Change Management ↔️ Manages organizational and cultural changes to minimize disruptions
      Cost-Benefit Analysis ↔️ Evaluates the financial and operational impacts of new technology investments
    • Effective use of technology can help businesses reduce costs
    • Match the type of technology with its impact on business:
      Communication Technology ↔️ Enables remote work, online marketing, global collaboration
      Financial Technology (FinTech) ↔️ Provides digital banking, payment processing, financial services
      Information Technology (IT) ↔️ Improves communication, data management, decision-making
      Production Technology ↔️ Automates and streamlines manufacturing processes
    • Technology helps businesses enhance customer experience
    • The impact of technology on business operations is always positive.
      False
    • Digital marketing tools include social media
    • Businesses can gain a competitive advantage by using technology to improve efficiency, productivity, and competitiveness.

      True
    • Production Technology increases efficiency and productivity
    • CRM systems enhance customer engagement and loyalty through personalization.

      True
    • Effective management of technological change is crucial for realizing the full benefits of new technologies.

      True