BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strength of the business
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Threat to the business
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Opportunity to the business
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Weakness of the business
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Detailed explanation-1: -Technology helps increase the efficiency of systems, products and services. It helps track and streamline processes, maintain data flow and manage contacts and employee records.
Detailed explanation-2: -Technology Makes Business Processes More Efficient It also cuts down on the cost of storage and transport, since everything can now be stored and shared as digital files. Whether you work in business, healthcare, or IT, there is technology that can make your job go faster and easier.
Detailed explanation-3: -Technology applications have enhanced the pace and output of various business activities such as marketing, promotions, sales, and accounting. From internal operations to the external output of the activities, from minute processes to major activities, multiple aspects of the business need the use of technology today.
Detailed explanation-4: -Technology increased the speed of accessing knowledge. Information enables managers to better review and control operations of their businesses. Management information systems such as CRM for sales management by Salesforce.com can provide power to centralized managers to improve the performance of a business.