1000 word essay on a business topic, business and finance homework help

User Generated

FANCF

Business Finance

Liberty University

Description

Each student will research a current business topic or event (within the past year) of his/her choice, and write a 1,000-word essay on the topic. The essay must include at least 1 book, 2 peer-reviewed journals, and 1 online resource. Proper current APA citing and referencing, including cover page and reference page must be utilized.

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Explanation & Answer

Attached.

Running head: BUSINESS AND TECHNOLOGY

1

Business and Technology
Institution Affiliation:
Date:

BUSINESS AND TECHNOLOGY

2

Business efficiency has been improved by the introduction of the technology today. The
technology has helped businesses move from one level to the other with ease. Introduction of the
technology made it easy to procure raw material, manufacture goods market and sell them to the
consumer. Technology has eased the way businesses get employees and manage them to work. It
has also led to lowering the cost of running a business. This had brought some positive impact on
the business. On the other hand, the technology has also contributed to the failure of business in
various ways. Technology has led to increased fraud leading to financial losses. It can also lead
to confusion and increased crime in the business. This paper evaluates the impacts of the
technology on business today.
The technology positive impact of business includes the availability of resources. The
technology is has made information and other resources such as the technology available to
business. This has made it easy for the business to access and learn about such resource and
implement them in the business accordingly. This way the technology has sharpened the mind of
the people on how businesses are run and on how to compete effectively. The technology also
helped the organization in the business operations. For example, the technology has introduced
the procurement sy...


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