How technology helps a new business?

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Business Finance

Description

Find a totally new product that has recently been introduced in the market. We have new items exposed to us all the time, and it is almost as though we are now numb to the new items out there. You may have to make a quick trip to a local store to find something that is truly new to you. Just driving down the street may expose a new business that has opened up. We are often so busy in life that we do not realize what is new to our environment. Take a moment to consider this as you begin to work on this assignment. Then, when you have found a new product or business, consider how technology has impacted this business, not only internally, but externally to you, the consumer.Initial Post: Answer the following questions:

  1. Discuss two ways that IT helps the business’s/product's new opportunities.
  2. Do you think that too much use of information technology hurts the business/product in the long run? Support your answer.
  3. How does social media factor into the equation of launching a new business/product?

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Explanation & Answer

Attached.

Running Head: TECHNOLOGY AND NEW BUSINESSES

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TECHNOLOGY AND NEW BUSINESSES
Information technology or IT as well-known has transformed business in different ways
this includes marketing and supply. Business today majorly depend on information technology for
the marketing of their products. There has been an increase in the usage of the internet in the past
years. One of the traffic is directed towards marketed products, esp...


Anonymous
Really useful study material!

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