ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The importance of information and communication technology (ICT) to entrepreneurs is to:
A
attract very few customers
B
enable the company to be visited without time restrictions
C
immediately get a customer to buy their product
D
maximise management loss
Explanation: 

Detailed explanation-1: -ICT makes a business more efficient, effective and promptly respond to customers’ needs. ICT can assist business activities including design, manufacturing, R&D, distribution and sales and feedback.

Detailed explanation-2: -In a nutshell, IT: Contributing to revenue growth with significant improvements in business processes and products. Assisting in generating new business within a short time due to the availability of accurate information. Providing timely and effective communication to customers to meet their demands.

Detailed explanation-3: -Information and communications technology (ICT) plays a profound role in any business growth. It improves employee communication, automates many business operations, and enhances the transparency of your projects. That will enhance client and employee satisfaction, increase profits, and give you a chance to grow.

Detailed explanation-4: -Better work efficiency and data tracking. Greater accessibility and collaboration through cloud computing. 24/7 support and consistent software upgrades. Data safety, cyber security and important data backups in case of physical damage. Greater ease of access and customer satisfaction. 02-Jan-2019

There is 1 question to complete.