Technology & Efficiency
Business Management: IB Diploma, topic 5.4.3
Technology and Efficiency
Technology can be used in many ways to increase business efficiency.
Computer aided design
- Computer aided design (CAD) can be used to increase efficiency as businesses can use technology to create and amend designs instead of doing these manually.
Computer aided manufacture
- Computer aided manufacture (CAM) can be used to increase efficiency as businesses can use CAD and CAM to create products.
E-commerce
- E-commerce and email systems can increase efficiency as administrative tasks can be completed more quickly than they could using paper-based systems.
Test yourself on Technology & Efficiency
What does CAD stand for?
What is usually the impact of using technology in businesses?