The impact of technology on business operations.

Increases revenue

Increasing efficency

Reduces labour costs

High initial investment

Reduces average cost per output

Increases the efficiency

Having a faster method of communication

Increases output per unit

Better quality products

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Better quality products produced

Cheaper in the long-term

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cheaper in the long-term

Capital intensive

reduces safety risks

Less demand for unskilled labour but increased demand for skilled labour who can use technology

Less cash

Increases E commerce

Variety of goods

Exploitation of Natural Resources

Less margin for error