Technology & Production
Business: Edexcel IGCSE, topic 5.2.4
How Technology Changes Production
Technology can influence the production process in several ways:
Production Costs
- Technology is also providing ways for firms to reduce production costs.
Robotics
- New, automated machinery is increasingly replacing humans in the workforce (e.g. robot arms are produced by companies like KUKA, to fix windscreens to cars at Jaguar Land Rover).
Ease of communication
- Technology is making it much easier for firms, particularly larger firms, to communicate within the firm and with stakeholders. This has important repercussions for the efficiency of business operations and can reduce average costs.
Test yourself on Technology & Production
At Jaguar Land Rover, who or what fixes the windscreen to cars?
How can better communication (through technology) impact a company?