PMK Chapter 8

An innovation is the introduction of something new that makes a significant change or improvement.

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Basic technology is the tools and equipment that make physical labor easier or faster.

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Technology allows businesses to complete almost any activity using the Internet.

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The Internet has resulted in the development of products that can be delivered directly to your computer.

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By 2014 nearly 280 million people in the United States had Internet access.

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Business conducted over the Internet is also known as net-commerce.

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It is easy to maintain personal security online and difficult for fraudulent businesses to develop an Internet presence.

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Companies that combine traditional business operations with extensive use of the Internet are known as click-only businesses.

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Electronic communication among computers became reality with the introduction of the World Wide Web in 1991.

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Businesses that use the Internet enjoy the advantage of allowing prospective customers worldwide immediate access 24/7 to their product.

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