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Technology such as the iPhone impacting the business world

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How is technology such as the iPhone impacting the business world and changing consumer decisions when purchasing goods and services?

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https://brainmass.com/economics/microeconomics/technology-impacting-business-world-607858

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The response addresses the query posted in 1264 words with APA references

Technology has influenced every sphere of human life and the business world. Though, with the positive effects, it has also provided some negative impact on the business world. In the following discussion, the impact of technology in the business world is being elaborated. A brief description of the technology's positive and negative effects is being discussed below.

The technology has improved the lives of the humans and has changed the whole world in every field. Nowadays, in every field, in every aspect of life, it has made many changes in the world. Technology help is performing every kind of tasks, be it small or huge. Technology has trapped the whole world. Positively, technology eases the human work or tasks as it facilitates work in many ways, like it reduced the human workforce, facilitate faster communication, etc. However, it also has some negative impact, like it has made human highly dependent on machines, increased energy consumption, etc. In fact, in short, it impacts the daily human lives in every field, from cell phones we use, computers, the network we access, cars we drive, etc.

In the context of business, it always plays a very important role. It can be said that the modern technology has turned the linear slow progressive growth into exponential growth. A lot of companies have built on the platform of tools that are related to the technology. Technologies, like cell phones, the internet and computer have trapped the whole world and the business field. Technology has positive effects on the global business. For consumers, it has been very easy to purchase almost anything from anywhere after the development and advancement of E-commerce. The internet has made the communication easy with the other company's associates. The technologies, like communication through e-mails, social networking, text messaging, etc. affect every area of business. However, technology has entirely changed the business world (Lee, 2013).

An example is taken in this context to elaborate how the technology changes in the field of business. Furthermore, their negative impacts are being described in the business field.

The modern technology, electronic commerce (E-Commerce) ...

Solution Summary

The expert determines how technology such as the iPhone is impacting the business world and changing consumer decisions when purchasing goods and services. The response addresses the query posted in 1264 words with APA references.

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