The Impact of Technology on Businesses: E-Commerce, Digital Communication, Social Media, and Payment Systems.

Which decade saw the introduction of the Internet, marking a significant technological breakthrough?

• 1960s

• 1970s

• 1980s

• 1990s

What does Moore's Law predict about the processing power of computer chips?

• It will triple every two years

• It will remain constant

• It will double every two years

• It will double every year

What is a key advantage of e-commerce over physical stores?

• Higher labor costs

• Limited product range

• 24/7 availability

• Increased tax rates

How do online stores benefit from algorithms?

• By reducing product variety

• By tailoring marketing strategies

• By increasing physical store visits

• By increasing labor costs

What is a challenge businesses face when running an e-commerce platform?

• Need for a slick website design

• High physical store costs

• Limited customer reach

• Inability to change prices quickly

Which social media platform now includes a marketplace for businesses?

• Twitter

• Instagram

• Facebook

• LinkedIn

How has social media changed business marketing strategies?

• By enabling trend-based marketing

• By eliminating brand identity

• By reducing customer interaction

• By increasing physical advertisements

What is a benefit of digital communication for businesses?

• Limited customer interaction

• Global reach

• Slower customer service

• Higher costs

Which payment method is known for its security and convenience?

• Cash on delivery

• Bank transfer

• PayPal

• Cheque

What is a concern for some groups regarding online payment systems?

• Lack of convenience

• High transaction fees

• Limited payment options

• Security issues