How Technology has changed the Market Conditions?Posted by PARTIK on July 3rd, 2015 Technology has remarkable impact in our daily life. Market place has been changed in to a whole new form with technology. It is almost impossible today to survive in market place without proper technological updating.
The technological improvements have changed the way we do business and the stuffs in a business place. The ways we do business include the way we market to the way we sell and buy. He stuff in business place include modern computerised system which simplifies the whole concept of business doing. An example of modern computerised systems is POS system, like bakery POS system and others used in various retail places. The way we sell The way people shop had changed a lot with improvement in technology. With the increase in importance of internet in our daily life, people never like to visit a live store to shop. Everything is available on their fingertips. In such market conditions most people started their own online stores today. An online store is nothing complex to start, and is a good way to get more sales easily. The robot staff Computerised systems have become an important part of any business, and all those can be considered as a staff with one time investment. Accounting system software, local POS systems like New York POS system is an example for these. With such effective system you can simplify the way you do business by getting more effective details of sales and inventory goods. By the help of these systems we can plan a better business, and get more profit easily. Marketing Marketing is considered as one of the main attribute for a success full business. Marketing has been started over a very long time when merchants started to exits. By time marketing has evolved a lot, and whole new strategies were introduced every time. Today in this world of modern innovations now we have marketing strategies entirely different from the conventional ones. Digital marketing is the most modern trend in all business, this is cheap and fast result giving. Various other marketing strategies like direct marketing also took different faces with the help of technology. Something extra There are other technological innovations too which had helped us a lot to handle business more easily. Email management system, automatic form fillers etc. are some few examples. These are common in most corporates today. With such system we can do business in a more manageable way. View Source:- http://www.storeboard.com/blogs/business/how-technology-has-changed-the-market-conditions/472586 Like it? Share it! More by this author |