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What are the impacts of technology in business.
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[QUOTE="CALVINDOL, post: 274122, member: 43757"] Technology itself absolutely play a very important role in the life and in the existence of a business organisation. But how do we know this? Well, that can be absolutely explained if we should take our mind back to the time in which business owners and business managers were always using the manual and crude way of business practice. Long before technology and modernization took over the business world, business owners and business managers were always carrying out business practices and responsibilities manually for example, the documentation of business monetary records and transactionary events were always kept in paper form and booklets, and according to research and studies the manual way of business bookkeeping was always prone to errors and mistakes and sometimes the business records summation and finalization was always given based on assumption and approximation which is absolutely not good and advised. Also before the introduction of technology, the transaction of raw materials and finished goods either from where they are brought to where they are to be transformed into finished goods or from where they are being transformed into finished goods down to where they are to be sold either to wholesalers retailers and final consumers was always cumbersome and time-consuming. But technology made provision of the transport systems where we can choose to carry goods and raw materials of different categories whether fragile, perishable, and bulky either via cargo motors, aeroplane and sea vessels. [/QUOTE]
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