Pearson Edexcel GCSE (9-1) Business Theme 1 Retrieval Resource 1.5.2 - Technology and business 1.5.2 – technology and business 1. Which two of the following are advantages of using ecommerce for a business? A. Attracts local customers B. 24/7 ordering for customers C. Higher staff turnover D. Improved customer service E. Increased sales revenue 60 seconds © Pearson Education 2020 2 1.5.2 – Technology and business 1. Which two of the following are advantages of using ecommerce for a business? A. Attracts local customers B. 24/7 ordering for customers C. Higher staff turnover D. Improved customer service E. Increased sales revenue © Pearson Education 2020 3 1.5.2 – Technology and business 2. Give two ways that social media might impact on the costs of a business. 60 seconds © Pearson Education 2020 4 1.5.2 – Technology and business 2. Give two ways that social media might impact on the costs of a business. • Lower costs of promotion • Lower recruitment costs • Higher costs if necessary to employ social media specialist © Pearson Education 2020 5 1.5.2 – Technology and business 3. For each of the elements of the marketing mix, suggest one impact of technology. 120 seconds © Pearson Education 2020 6 1.5.2 – Technology and business 3. For each of the elements of the marketing mix, suggest one impact of technology. Lower prices due to price comparison tools on social media platforms Businesses can use technology to offer new types of products, such as downloadable books. Can create easy to use e-commerce sites that increase the number of potential customers. Targeted advertising using social media – for example through the use of cookies. © Pearson Education 2020 7 1.5.2 – Technology and business 4. Give one drawback for a business of using digital payment systems. 60 seconds © Pearson Education 2020 8 1.5.2 – Technology and business 4. Give one drawback for a business of using digital payment systems. • Cost of implementation • Lost sales if the system ‘crashes’ • Need for regular updates © Pearson Education 2020 9