How Can The Use Of New Technology And Industry

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How Can The Use Of New Technology And Industry?

How can the use of new technology in industry benefit workers? Workers can gain new knowledge and skills.

How can the use of new technology in industry benefit the US government the government can purchase materials from anywhere?

How can the use of new technology in industry benefit the US government? The government can purchase materials from anywhere. The government can rely on automation to reduce costs. The government can react to economic changes quickly.

What is one way technology can improve the distribution of goods?

What is one way that technology can improve the distribution of goods? Workers can take Internet classes to gain new skills. Automation can create goods more cheaply and easily. Businesses can hire factory workers across the world.

Which of these is an example of an automation benefiting producers?

What is the definition of automation? … What is an example of automation benefiting producers? New machines allow a factory to produce goods using fewer workers. How can the use of new technology in industry benefit the US government?

Which statements describe effects of changes in information technology?

Statement 3 4 and 5 are describe effects of changes in information technology. Explanation: Changes in information technology create both positive and negative effect.

How can the use of new technology and industry benefit US government?

How can the use of new technology in industry benefit the US government? The government can react to economic changes quickly. fewer jobs are available. What is one way that technology can improve the distribution of goods?

How can the use of new technology and industry benefit consumers?

How can the use of new technology in industry benefit consumers? Consumers have greater access to information. What is one way that technology can improve the distribution of goods? Container ships can transport a number of goods at once.

How does technology create impact in manufacturing and services?

The use of manufacturing technology can accelerate production enabling organizations to get products or components out to market in much less time. With automation and optimized processes dramatically reducing production time between product batches the business can increase its profits and competitive edge.

How does technology have an impact on products and services?

Technology has had a very significant impact on product and service design. … The improved technology also made it easier to implement remanufacture design for assembly design for disassembly and design for recycling.

How is technology used in product distribution?

Technology and technical systems improve flexibility and timeliness while reducing waste in the product distribution process. Before automated systems and modern equipment advances warehouse workers wasted considerable amounts of time traveling throughout the warehouse to move product.

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What is one way that technology can improve the production of goods websites can allow consumers to purchase goods online?

What is one way that technology can improve the production of goods? Websites can allow consumers to purchase goods online. Container ships can transport a number of goods at once. Automation can create goods more cheaply and easily.

What is one way a market economy affects?

What is one way a market economy affects the lives of private citizens? Citizens can change jobs relatively easily. … The government determines economic choices and makes most decisions.

What role do government agencies play in a mixed market economy?

What role do government agencies play in a mixed market economy? They regulate some aspects of production and distribution. … What might happen if an economy is unable to produce wanted goods and services? People will look elsewhere for them.

Which of the following are benefits of information technology?

timely and efficient delivery of products and services. higher sales through better understanding of customer behaviors. cost savings from fewer staff hours and reduced human or machine error. better resource planning through detailed accurate and timely financial information.

What is the best definition of technology technology is replacing?

What is the best definition of technology? Technology is replacing human workers with mechanical or electronic devices. Technology is applying scientific knowledge to find answers and fix problems.

What are the benefits of instant communication and sales?

Companies can ship goods to customers in an instant. Businesses can be available for customers 24 hours a day. Customers can purchase goods and services online. Customers can give feedback to producers instantly.

In what ways did new technologies changed the US economy?

Innovation makes it possible to produce more output from society’s available labor and capital increasing the productivity of America’s workers. Those productivity improvements have led to rising prosperity and living standards as Chapter 2 discussed.

How can the production of goods benefit from the use of technology?

The benefits of adopting technology into manufacturing practices include: An improvement of the quality of product throughout all stages of the manufacturing process and not just the end product. An improvement to the efficiency of the plant in terms of increased productivity and a reduction in material wastage.

How will technology change the character of the economy?

Technological development brings economic growth. However it also enhances social wealth on the one hand by increasing the income levels and wealth and causes certain social problems on the other hand. Technological development makes very important contributions to the economic and social-cultural life.

How can the government reduce the wealth gap in a mixed market economy?

How can the government reduce the wealth gap in a mixed market economy? The government can control income levels by placing limits on how much citizens can earn. … The government can tax members of the wealthy class at a lower rate to address differences in income.

How would a manufacturer benefit by using fewer scarce resources?

How would a manufacturer benefit by using fewer scarce resources? The product would be less expensive to produce.

What are the pros of a mixed market economy for most citizens?

What are the pros of a mixed market economy for most citizens? There is a great deal of independence and personal choice. The government cannot dictate which jobs citizens hold. There may be greater opportunity to become wealthy.

How can technology be used in an industry that manufactures goods?

Technology does support and drive innovation. Technological advancements can allow manufacturers to create higher quality goods faster than before with less expense and help them realize more efficient operations to become more competitive.

How is technology used in industries?

Industrial technology is the use of engineering and manufacturing technology to make production faster simpler and more efficient. The industrial technology field employs creative and technically proficient individuals who can help a company achieve efficient and profitable productivity.

How does technology help industry?

One of the first ways that technology can improve your manufacturing business is by maximizing efficiency. … This technology is transforming the manufacturing industry as it can reduce design to production time reduce manufacturing lead time reduce waste and ensure greater flexibility in production.

Are new technologies changing the service industry?

Technology is impacting every single business out there and the internet of things is changing every industry from production to customer service. The faster technology advances the more data we gather. Therefore the more intelligent our customer service software is the better businesses can serve their customers.

How technology will change the future of service industry?

New technology will create new customer service positions. Some technology will become the catalyst for new customer service positions. For example augmented reality will pave the way for virtual assistants who can help customers learn how to use products and services.

How does technology affect new product development?

Improved communication (especially the Internet) increased globalization and rapid changes in technology have put tremendous pressure on companies to get their product to market first. … It offers the potential of improving the success of new products in the market place reducing significant waste.

How information technology can change the nature of marketing in the future?

Technology has transformed marketing by making campaigns more personalized and immersive for people and creating ecosystems that are more integrated and targeted for marketers. And it’s not just the interface between brands and people that have been transformed.

Which of the following is one way that technology can improve productivity?

Which is one way that technology can improve productivity? Machines replace workers reducing production costs.

How do technological advances affect resource consumption?

Resource depletion is another negative impact of technology on the environment. It refers to the consumption of a resource faster than it can be replenished. … These mainly occur as a result of agriculture mining water usage and consumption of fossil fuels all of which have been enabled by advancements in technology.

What is the best definition of technology quizlet?

Technology is the way / humans extend their abilities / through their environment to meet wants and needs. … Technology is also sometimes defined as human innovation in action.

Which are affected by the factors of production?

The factors of production are land labor capital and entrepreneurship which are seamlessly interwoven together to create economic growth. Improved economic growth raises the standard of living by lowering production costs and increasing wages.

Which of the following are examples of limited resources on the part of consumers?

Time and money are examples of limited resources on the part of consumers.

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