BM Unit 1 3E Technological Considerations

All businesses should consider technology during business planning.

• True

• False

Considering technological developments during business planning can improve a business's productivity but not its effectiveness.

• True

• False

Fill in the blank with one of the following terms:

Increase

or

Decrease

Having an online presence will likely _________ customer satisfaction and attract more customers due to the convenience of shopping online.

Fill in the blanks with the following terms:

Automated production lines

or

eftpos machines

A business aiming to replace dangerous tasks in its operations system should implement _________________

Fill in the blanks with the following terms:

Automated production lines

or

eftpos machines

A business aiming to increase convenience for customers so that they do not need to carry cash should implement _________

Businesses that have successfully responded to technological developments do not need to continue monitoring for future changes to technology.

• True

• False

Self-driving cars, quantum computers, and personalised and predictive medication are all examples of technology that is likely to become the new normal in the coming decades. Therefore:

• businesses should ignore these technologies because they have not yet been developed.

• businesses should consider these developments during business planning.

Business owners that do not plan to use technology to their advantage may risk their business and its products becoming redundant.

• True

• False