ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Workers can access social networking sites.
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Businesses have greater access to resources.
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The products of the business will be well known.
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Managers have more free time to search for other jobs.
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Detailed explanation-1: -Having a good Internet connection allows you to connect to your corporate network from anywhere and instantly send the necessary information. This improves your company’s performance and speeds up the business processes. On the other hand, finding information is also much faster compared to the pre-Internet era.
Detailed explanation-2: -Some researchers have not found any evidence that would suggest that the use of the Internet increases productivity. However, there are several success stories that imply that the Internet could be an important tool in improving productivity or overall performance of a firm.
Detailed explanation-3: -1 – Use Virtual Private Networks. 2 – Use Video Conferencing Software. 3 – Use a Networked Voice and Data Solution. 4 – Use an Outsourced IT Service Provider. 5 – Use the Cloud. 6 – Use a Scheduling System. 17-Oct-2022
Detailed explanation-4: -profits. visibility. customer base. customer support options. opening hours (since the internet is ‘on’ 24 hours a day) cost savings. networking opportunities. research capabilities. More items