Warganet – 1 Explain the role of technical advances in facilitating international commercial activities, provides an example to the technical invention that has changed world trade (10 points) (10 points)
Technical progress such as websites and electronic commerce considerably reduce communication and transaction costs and help international commercial and commercial activities.
Technological Advancement Explain
Many technical advances facilitate the international company. These include advanced contacts (Internet, videoconferencing), efficient transport (air freight, shipping of containers) and regulated financial transactions (online banking, digital payment systems). Data analysis and e -commerce sites also play important roles.
Riding The Waves Of The Future: Arm And Future Advances Explained
This progress simplifies obstacles to communications, low transport costs and financial processes. This leads to an increase in performance, a reduction in transaction costs and expanded access to the market to international operational companies. Electronic commerce sites, in particular, have opened global markets to small businesses. Data analysis allows international markets and customer preferences to be well understood.
The container has revolutionized world trade. The standard shipping containers have reduced the loading and unloading time, reduces damage rates and simplified logistics. This has led to a significant decrease in transport costs, which made international trade more economically possible for a wide range of products.
Technical progress includes communication, transport, financial analysis and data, considerably regulate international commercial operations, reduce costs and increase market access. The container illustrates this, causing a revolution in world trade thanks to an efficient and costly expedition.
Commercial security refers to government policies that control international trade to protect the national industries. These policies include costs (import tax), allowance (limits for imports) and subsidies (government support for national manufacturers).
4.1 Technological Innovations — Freemanpedia
Security policies reduce the amount of international trade, increase the cost of consumers and cause reprisals from other countries and increase trade wars. They control competition and prevent innovations. They distort global markets and reduce global economic performance.
Commercial security negatively affects international trade by reducing seats, increasing prices and causing trade wars. Companies can be modified by reorganizing distribution channels, in diversification, propagating, seeking alternative markets and creating local alliances to mitigate the effects of protective policies.
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In recent years, technical progress has played an important role in the evolution of consumer behavior. Since consumers continue to become technical amateurs, they come back more and more on digital sites for research and purchase of products. This change in consumer behavior has had a deep impact on businesses and forcing them to adopt new technologies to be competitive.
One of the most important technical advances in recent years is the rise of electronic commerce. Online purchases have become the possibility of buying products for many consumers. According to the Statita study, the sale of global electronic commerce should reach 9,4.9 billions by 2021. E -commerce has facilitated the comparison of prices and products for consumers, which has increased competition between businesses . This has led to a greater emphasis on customer service because companies are trying to distinguish themselves from their competitors.
The Politics Of Technological Progress By Joel W. Simmons, Hardcover, 9781107145771
Social media also played an important role in the evolution of consumer behavior. Sites such as Facebook, Instagram and Twitter have become important marketing channels for businesses. Social media companies help their customers engage with their customers and offer a site to share their experiences and suggestions. This has led influenza marketing upheavals, where companies cooperate with influential social media to encourage themselves.
Mobile technology has a deep impact on consumer behavior. According to a CamScore study, mobile devices represent 69% of the time of digital media. This has led to a greater emphasis on the mobile choice, because companies are trying to provide an uninterrupted user experience on all devices. Mobile technology has helped companies provide new services such as mobile payments and mobile sequences. This allowed consumers to buy more easily on travel, which still stimulates the rise of electronic commerce.
Artificial intelligence (AI) has also become an important technical progression of the evolution of consumer behavior. IA racing hugs are increasingly common. (*)
