COST EFFECTIVE AND MARKETING
A business under budget constraints might find investment in technology an effective use of resources. For example, a business website could help provide more convenient products to consumers and provide relatively inexpensive, ongoing advertising to clients. For many products and services, clients can now access products more easily and can have them shipped to their houses. Business can also access and purchase raw materials more easily. This can increase clientele numbers, which then may increase productivity, sales and revenue.
EXPAND SERVICES
Technological advances, such as the ever-evolving computer, help make providing services to consumers easier. For example, spell-check on typing programs cuts down the time it takes to go back through and edit a document. This may seem like a small advance, but computer programs and more advanced computers and technology cut down the time it used to take to do tasks, like creating and printing a newspaper. Time that used to be spent doing more tedious tasks can now be used to expand or enhance business services. This could mean providing more pages and columns to a newspaper, which means more opportunity to generate more revenue.
IMPROVE SERVICE QUALITY
The better a business can develop and deliver services, the greater the likelihood customers will return for services and
First published here: Did you know: Technology is there to solve social problems?
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