Often asked: How can the use of new technology in industry benefit consumers?

What is one way that technology can improve the distribution?

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. Container ships can transport a number of goods at once.

Which of these is an example of automation benefiting producers?

New machines allow a factory to produce goods using fewer workers. New shipping methods allow a producer to manufacture goods overseas. New manufacturing plants open in areas where labor costs are cheaper.

What are the benefits of instant communication and sales?

Increased reliability between company and customers hold a great role in enhancing sales and service. Sms text messaging option can enhance the reliability between company and customers. Also sms text message option is found to be as the easiest way to enhance sales and service from companies.

What is the best definition of automation?

1) Automation is replacing human workers with mechanical or electronic devices. Automation definition is – the technique of making an apparatus, a process, or a system operate automatically. 2) Automation is applying scientific knowledge to find answers and fix problems.

What is one way that technology can improve the production of goods Brainly?

Answer Expert Verified Hence one way that technology can improve the production of goods is using the advances and innovative technology which shall increase the efficiency and improve the production .

What is the role of the three questions of economics?

The role of three question of economics is to act as the basic principle of production decision making. “What to produce”, “How to produce”, and “For whom it should be produced” are the three basic questions of economics .

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What is the largest impact on opportunity cost?

The finiteness of resources leads to tradeoffs that subsequently creates opportunity costs for every economic decision that is made. Resources are scarce. This scarcity challenges our pursuit to fulfill every need and desire of ours.

What is the definition of automation?

The dictionary defines automation as “the technique of making an apparatus, a process, or a system operate automatically.” We define automation as “the creation and application of technology to monitor and control the production and delivery of products and services.”

Which statement best describes a pure market economy?

Which statement best describes a pure market economy ? Producer intervention in economic choices is strictly forbidden. The government determines economic choices and makes most decisions. The decisions made by producers and consumers drive all economic choices.

What are some benefits to private ownership select three answers?

Private ownership provides offices for government workers. Private ownership provides land or goods for all citizens to use. Private ownership can make it possible for a business to earn money. Private ownership might help a person move to another economic class.

What is one downside for consumers to competition in a free?

What is one downside to competition in a free -enterprise system? Consumers must be knowledgeable. some restrictions on business ownership and business activity. Regulation is the placing of limits or restrictions on business activity by the government.

What have instant communication and sales made possible check all that apply quizlet?

What have instant communication and sales made possible ? – Instantaneous purchases from companies around the world can increase sales . -Improved technology has allowed companies to operate 24 hours a day. -Worldwide communication between producers and consumers has become instant .

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What is difference between robotics and automation?

What is the difference between automation and robotics ? Automation is the process of using physical machines, computer software and other technologies to perform tasks that are usually done by humans. Robotics is the process of designing, creating and using robots to perform a certain task.

What are the advantages of automation?

Advantages commonly attributed to automation include higher production rates and increased productivity , more efficient use of materials, better product quality, improved safety, shorter workweeks for labour, and reduced factory lead times.

What is an example of automation?

Examples of fixed automation include machining transfer lines found in the automotive industry, automatic assembly machines, and certain chemical processes. A numerical-control machine tool is a good example of programmable automation .

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