Technology and efficiency
Increased efficiency means that a business is able to produce items and provide services more quickly, more accurately and with fewer resources. For example, in the car industry, cars would traditionally have been produced by many people working on an assembly line. In a modern factory, cars are mostly made using machines. This means these factories require only a small number of employees.
Technology has also vastly improved the efficiency of communication in businesses. Messages can now be sent very quickly to a large number of people with a reduced risk of barriers to communication. Common ways of communicating using technology include email, text messages, online chat, telephone calls and online video communications.