Unit 1 Business Management Technological Issues

Technological issues relate to....

• the use of hi-tech robotics.

• the growing use of tools, techniques or systems by businesses to solve problems or to serve a purpose in operations.

• the survival of businesses to survive and adapt

• the cost of global communication.

Innovation in technology has increased at a remarkable pace and it has.....

• increased efficiency and productivity of a business.

• revolutionised the workplace and every aspect of daily life.

• resulted in products and services becoming rapidly obsolete

• reduced operating costs.

Since 2016 the number of operational industrial robot jobs has increased annually by...

• 12%

• 13%

• 14%

• 15%

On a recent Price Waterhouse study what percentage of people would be willing to augment their bodies and brains to improve their employment prospects!

• 40%

• 50%

• 60%

• 70%

The cost of global communication is...

• remaining constant

• rapidly increasing

• declining

The speed of technological change has meant the product life cycle has become...

• shorter

• longer

• is still the same

The most famous rule for predicting the rate of technology advancement was developed in

• 1985

• 1975

• 1965

• 1995

A consequence of the change in product life cycle means that...

• more people will be using autonomous vehicles

• large amounts of data will be generated annually

• many employees have been replaced by technology

• more time and money needs to be spent on research and development to remain competitive

Failure to detect and adopt new technology could result in

• a business failing to grow

• a business failure

• products and businesses becoming obsolete

• a business becoming more competitive

Cloud technology is when

• data is stored on the internet

• data is in the clouds

• cloudy data occurs

• cloudy days occur