Business Essentials (12th Edition) (What's New in Intro to Business)
Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 14, Problem 14.10AE
Summary Introduction

To determine: The functions or services available now due to information technology.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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How could advancements in information and communication technology benefit organizations dedicated to higher education as well as commercial enterprises?
In what ways might information and communication technology help institutions of higher learning and business?
Think of the company and the industry you currently work for. (If you aren’t currently working, consider your previous employer.) Discuss how your company and your industry have been impacted by computer technology. Some examples include how sales transactions are processed, how products are manufactured, how products and services are marketed, etc. Discuss how computer technology has changed over the past ten years for your company and your industry. What predictions do you have for the next 10 years in terms of the impact of technology on business? Present one or more new trends that are developing toady and how it will impact your business in the future.
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