1.5.2 Technology and Business

Social media

• Online platforms that allow users to create and share content or network socially.

• A type of traditional media used for advertising.

• A platform for online gaming and competitions.

• A method of face-to-face communication.

Productivity

• A measure of output per worker or machine over a given time period.

• The total amount of goods produced in a factory.

• The efficiency of a machine in terms of energy consumption.

• The number of workers employed in a company.

Efficiency

• Producing goods and services with the minimum waste of resources.

• Maximizing profits regardless of resource use.

• Creating products without any cost.

• Using resources in a way that is not sustainable.

ICT

• The use of technology to store, send and retrieve information.

• A method of communication that does not involve technology.

• A type of software used for graphic design.

• A system for managing physical documents.

What are examples of Digital Communication?

• Text

• Letter

• Fax

• Television

Automation

• Using machines or technology to perform tasks that would otherwise require human labour.

• A process of manual work without the use of technology.

• A method of increasing human involvement in tasks.

• A technique for reducing the cost of human resources.

E-commerce

• Buying and selling of goods and services online.

• A type of physical store that sells products.

• A method of advertising products through television.

• A system for managing inventory in retail stores.

M-commerce

• Buying and selling of goods and services through mobile devices.

• A type of commerce that only occurs in physical stores.

• A method of trading that involves bartering goods without money.

• A form of online shopping that excludes mobile devices.

Data protection

• Laws and practices to ensure individuals' personal information is kept safe and used fairly.

• A method to enhance data storage capacity.

• Techniques for data analysis and visualization.

• Regulations for internet service providers.

Payment system

• A method for transferring physical cash between individuals

• An electronic way of transferring funds from customers to businesses

• A system for tracking customer purchases

• A type of credit card used for online shopping