CHILD DEVELOPMENT PEDAGOGY

GROWTH DEVELOPMENT CHILD

DEVELOPMENT AND LEARNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Developments in technology that affect production capabilities and consumer preferences
A
Technological developments
B
Economic issues
C
Economic recession
D
impact of external factors on product development
Explanation: 

Detailed explanation-1: -Customers Have Higher Expectations. Consumers’ expectations are at an all-time high as a result of the influence of technology. With digital pioneers continually raising the bar, your customers compare the experience of buying from you to your competitors and the experience they receive from Amazon, Netflix, etc.

Detailed explanation-2: -Productivity-Using machinery to mechanise or automate parts of the production process leads to an increase in productivity. This means a business can either reduce its prices to remain competitive or increase its profit margins . Quality-Businesses need to be consistent in the quality of the products they produce.

Detailed explanation-3: -A change in technology alters the combination of inputs required in the production process. An improvement in technology usually means that fewer and/or less costly inputs are needed. If the cost of production is lower, the profits available at a given price will increase, and producers will produce more.

Detailed explanation-4: -Among its main benefits are: The incorporation of digital technology in industrial processes, which is capable of raising productivity by up to 25 percent. Reduce time to market by up to 50 percent. Increase the flexibility of production and its customization, as well as its quality.

There is 1 question to complete.