Chapter 9



Chapter 9 - Technology's Impact on Business

Vocabulary

E-workforce – (answer)

Digital workflow – (answer)

Start-ups – (answer)

E-commerce – (answer)

E-tail – (answer)

Multi-channel retailer – (answer)

Bricks-and-Mortar – (answer)

Clicks-and-Mortar – (answer)

E-tickets – (answer)

Learning Objectives

1. Explain how technology influenced business industries.

2. Describe the three aspects of the e-workforce.

3. List specific examples of e-commerce.

4. Analyze the advantages and disadvantages of e-commerce.

Assignment

1. Read Chapter 9

2. Define Vocabulary and complete Chapter Notes (70 points)

3. Answer questions 10, 11, 16, 17, 18 and 30 at the end of the chapter. (30 points)

Technology’s Influence on Business

Technology refers to .

Perhaps the most common technology staple used in businesses today is

Technology In the Past

Even the simplest invention, like , had a huge impact on business.

Before the plow was invented, people had to dig in the earth

Because of the plow, which meant .

Increased corn production meant hiring more people to harvest the corn, selling more corn in the market, and building a corn-selling business.

Since the invention of the plow, [Answer].

Modern Technology

In the past 50 years, [Answer].

There is a never-ending demand [Answer].

Computers can [Answer].

The computer created a boom in nearly all business industries.

TWENTIETH CENTURY’S TOP TECHNOLOGISTS

Technological inventions greatly affect your daily life. These percentages represent people’s opinions about who technologically influenced the twentieth century and beyond.

Which three inventors do you think you’re influenced by every day and why?

E-Workforce

E-workforce is when [Answer[.

According to the Bureau of Labor Statistics more than 70 million people use computers daily.

Employment

Technology makes [Answer].

Technology’s speed [Answer].

Digital Workflow

Placing hard copies of documents on a digital platform, like CD-ROMs or a database, has had a great influence on the efficient use of time.

By switching information to a digital format, there is less paper involved.

A digital workflow [Answer].

Technology Centers

The high-tech industry can be found in practically any city, [Answer].

New Jobs

The Internet has created a demand for new jobs such as [Answer].

Virtual Business

The ease of doing business online has created a boom in new businesses, or start-ups.

This type of business is called a [Answer].

[Answer] for people interested in expanding their technology skills.

Technology skills will make you very attractive to an employer.

E-Commerce

[Answer], or [Answer], has made it possible [Answer].

The main activity of e-commerce is [Answer].

E-Tail

E-tail is [Answer].

An e-tail business [Answer].

Any company can go online to sell any product.

Figure 9.2 What do you think are reasons for buying these products online?

A multi-channel retailer uses several means to sell products.

Businesses often call their stores and warehouses [Answer], referring to building materials.

Businesses that also use the Internet are called [Answer] operations.

E-Tail

Putting catalogs on the Internet rather than shipping them by mail [Answer].

E-tail is an advantage to the consumer in two major ways:

[Answer]

[Answer]

E-tail is a disadvantage to the consumer in four major ways:

[Answer]

[Answer]

[Answer]

[Answer]

E-Ticket

Using their computers, people can now [Answer].

Some people find purchasing an [Answer] is easier and cheaper than visiting an actual ticket agency.

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