TECHNOLOGY AND THE GLOBAL BUSINESS ENVIRONMENT

What is E-commerce?

• E-commerce is a type of fishing.

• E-commerce is a type of exotic fruit.

• E-commerce is a new type of currency.

• E-commerce is online commerce.

Explain the concept of Digital Marketing.

• Digital Marketing is only focused on offline advertising strategies.

• Digital Marketing is the use of digital channels to connect with customers and promote products or services online.

• Digital Marketing is the use of traditional marketing methods in a digital format.

• Digital Marketing is the process of selling physical products through online platforms.

What is Supply Chain Management?

• Supply Chain Management is the management of the flow of goods and services, involving the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption.

• Supply Chain Management is the management of computer software systems

• Supply Chain Management is the management of agricultural crops

• Supply Chain Management is the management of space exploration missions

Define Business Technology.

• The application of technology to improve business processes, increase efficiency, and drive innovation within an organization.

• The use of technology to hinder business growth

• The implementation of technology to reduce efficiency in an organization

• The application of technology to decrease innovation within a business

What role does Information Communication Technology (ICT) play in business?

• ICT only benefits large corporations, not small businesses.

• ICT has no impact on business operations.

• ICT is only useful for personal entertainment, not business purposes.

• ICT facilitates communication, data management, automation, and global market access.

How is ICT related to the storage, retrieval, and transmission of digital data?

• ICT has no impact on the storage, retrieval, and transmission of digital data

• ICT only focuses on analog data processing

• ICT is only used for physical data storage

• ICT enables the efficient management and transfer of digital data across different platforms and systems.

What is the practice of online banking and how does it benefit customers?

• Online banking is more expensive than traditional banking

• Online banking allows customers to conduct financial transactions via the internet, providing convenience, accessibility 24/7, cost-effectiveness, and easy monitoring and management of accounts.

• Online banking does not provide any account monitoring features

• Online banking is only available during business hours

Name some traditional productivity tools used in business.

• Spreadsheets

• Emails

• Online Calendars

• Calendars, To-Do Lists, Notebooks, Physical Filing Systems

Give an example of a specialist application used in business.

• Adobe Photoshop

• Google Chrome

• Microsoft Excel

• Quickbooks

How does online banking enable customers to access their accounts?

• Customers can access their accounts by visiting the bank in person

• Customers can access their accounts by sending a text message to their bank

• Customers can access their accounts through secure websites or mobile apps provided by their banks.

• Customers can access their accounts through social media platforms