Commerce Exam > Commerce Notes > Technological environment - Commerce
Technological environment - Commerce PDF Download
Needed a Document for technological environment notes?
Ref: https://edurev.in/question/733317/Needed-a-Document-for-technological-environment-notes-Related-Business-Environment-Notes-Videos
Technological environment refers to the state of science and technology in the country and related aspects such as rate of technological progress, institutional arrangements for development and application of new technology, etc.
According to the well known economist J.K. Galbraith, technology means, “systematic application of scientific or other organised knowledge to practical tasks”.
Technology comprises of both machines (hard technology) and scientific thinking (soft technology) used to solve problems and promote progress. It consists of not only knowledge and methods required to carry on and improve production and distribution of goods and services but also entrepreneurial expertise and professional know how. Technology includes inventions and innovations.
The main features of technological environment are as follows :
- Technological environment is a component of macro or indirect action environment.
- Technological environment changes very fast.
- Technological environment affects the manner in which the resources of the economy are converted into output.
- Technological environment is self reinforcing. An invention in one place leads to a sequence of inventions in other places.
FAQs on Technological environment - Commerce
| 1. What is the impact of technology on commerce? |  |
Ans. Technology has revolutionized commerce by streamlining processes, enhancing efficiency, and expanding market reach. It enables businesses to automate tasks, improve customer experience, increase productivity, and explore new markets through online platforms and e-commerce.
| 2. How has technology transformed the retail industry? | |
Ans. Technology has significantly transformed the retail industry by introducing online shopping platforms, mobile payment systems, and personalized marketing strategies. It has created a seamless shopping experience, enabled data-driven decision-making, and empowered retailers to better understand customer preferences.
| 3. What are the key benefits of e-commerce for businesses? | |
Ans. E-commerce provides several benefits for businesses, such as increased global market reach, reduced overhead costs, 24/7 availability, personalized marketing, and improved customer insights. It also offers a platform for businesses to scale and expand rapidly.
| 4. How does technology impact supply chain management in commerce? | |
Ans. Technology has greatly impacted supply chain management in commerce by introducing tools like inventory management systems, real-time tracking, and data analytics. It enables businesses to optimize inventory levels, improve logistics, enhance transparency, and respond quickly to changing market demands.
| 5. What are the potential risks and challenges associated with technology in commerce? | |
Ans. While technology brings numerous benefits, it also presents certain risks and challenges. These include cybersecurity threats, data breaches, reliance on technology infrastructure, increased competition, privacy concerns, and the need for continuous technological updates and training.
Related Exams
About this Document
|
1.2K Views |
|
4.81/5 Rating |
|
Dec 19, 2024 Last updated |
Document Description: Technological environment - Commerce for Commerce 2024 is part of Commerce preparation. The notes and questions for Technological environment - Commerce have been prepared according to the Commerce exam syllabus. Information about Technological environment - Commerce covers topics like and Technological environment - Commerce Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Technological environment - Commerce.
Introduction of Technological environment - Commerce in English is available as part of
our Commerce preparation & Technological environment - Commerce in Hindi for Commerce
courses. Download more important topics, notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Technological environment - Commerce
Description
Full syllabus notes, lecture & questions for Technological environment - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus | Best notes, free PDF download
Information about Technological environment - Commerce
In this doc you can find the meaning of Technological environment - Commerce defined & explained in the simplest way possible.
Besides explaining types of Technological environment - Commerce theory,
EduRev gives you an ample number of questions to practice Technological environment - Commerce tests, examples and also practice Commerce tests.
Download as PDF
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Technological environment - Commerce
,Technological environment - Commerce
,Technological environment - Commerce
,Previous Year Questions with Solutions
,Semester Notes
,Summary
,past year papers
,MCQs
,Sample Paper
,shortcuts and tricks
,Free
,ppt
,Exam
,Extra Questions
,Viva Questions
,mock tests for examination
,practice quizzes
,Important questions
,Objective type Questions
,video lectures
,study material
;
Additional Information about Technological environment - Commerce for Commerce Preparation
Technological environment - Commerce Free PDF Download
The Technological environment - Commerce is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Technological environment - Commerce now and kickstart your journey towards success in the Commerce exam.
Importance of Technological environment - Commerce
The importance of Technological environment - Commerce cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Technological environment - Commerce Notes
Technological environment - Commerce Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Technological environment - Commerce.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Technological environment - Commerce Notes on EduRev are your ultimate resource for success.
Technological environment - Commerce Commerce Questions
The "Technological environment - Commerce Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Technological environment - Commerce on the App
Students of Commerce can study Technological environment - Commerce alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Technological environment - Commerce,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Technological environment - Commerce is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup