Q: Technology has had a great impact on the internal and external business environment.

In the business world, keeping up with its frequent inventions of technology will give the business a competitive advantage. As technology is the main communication system, businesses must take advantage of the range of technologies that are available. Some of the technology available for businesses range from; faxes, mobile phones, EFTPOS, Internet, computers etc.
There are two different types of areas which technology is associated with. Material technology and non- material technology. Material technology refers to the tools, equipment and devices, whereas no material technology refers to the knowledge, processes and methods.
Although material technology is a growing factor in the economy, there are other factors, which make it a hazard for businesses. Some dilemmas that may occur due to technology is the l...