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What is the interaction between Science technology and business How do these interactions affect industrial growth Discuss with suitable example?
Wiki User
∙ 15y ago
Science and technology greatly affects business in a way that business uses products of science and technology to thrive and develop because of the technological advances that have become prevalent. These interactions affect industrial growth because industries rely upon science and technology for its equipment. For example, if scirnce and technology did not come up with a machine that could automatically stretch saltwater taffy, makers of the taffy would use the old method of slamming it into a nail embedded on the wall and it would be difficult to mass produce therefore disabling the in this example, the saltwater taffy industry. answered by: NKMC
Wiki User
∙ 15y ago
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What does industrial engineer do in banks?
The job of an industrial engineer is to figure out how to make things in the business better. Their job in the banking industry may be to develop a new loan system or come up with a new financial algorithm.
What is the importance of financial engineering?
THE IMPORTANCE OF A FINANCIAL FORECASTING IN BUSINESS PLANS – MAIN COMPONENTS OF FINANCIAL FORECASTSMarch 7, 2020 admin Leave a commentBusiness planning is vital for the survival of any business and it is a strategic tool for entrepreneurs. A well-documented business plan helps to focus on most important activities to make an enterprise to succeed. A good business plan will have both short-term and long-term objectives which the management needs to focus on to achieve the same per the time scale.Financial planning and forecasting give life to Business Plan. The financial planning includes various financial statements that show where the enterprise currently stands and where it expects to be in the near future. This information determines how much financing your business needs to run the same per objectives. Further, it helps outsiders determine whether lending you money or investing in your business is a wise use of their funds.Overall financial planning assesses how a business will afford to achieve its strategic goals and objectives. The Business Research describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the time frames involved.In financial plan need to compile revenue, balance sheet, cash flow, financial ratio and need to explain all important components of a balance sheet. The financial plan will be done based on the clients’ requirement and need to be projected for 3 or 5 years with associated assumptions.Contents mentioned under the financial plan of businessStart-up servicesMarket assumptionsRevenue of the businessFinancial ratioBalance sheetProfit and loss statementDeprecation and taxExit strategiesbusiness planBusiness PromotionBusiness WritingData Collection & SurveyLead GenerationLead ManagementMarket ResearchMarketing PlanOnline Digital Marketing ServiceRetail Analytics Services.POST NAVIGATIONPrevious PostPotentials of Beacon Technology in India – Attracting Shoppers with Beacon Technology
What is business and Personal Computing?
Business computing is done at work; personal computing is done at home.
Who was responsible for the business process engineering strategy?
Business process re-engineering is a business management strategy, no one is responsible for the overall perfomance of the entire process. Business process re-engineering (BPR) began as a private sector technique to help organizations, reassessing strategic goals, defining reengineering opportunities, and managing.
What are the advantages and disadvantage of business process re-engineering?
no
Does technology drive business or business drive technology?
at some points (industrial revolutions) technology drives business. most of the time businesses will drive for new technology to be made.
How did science technology and big businesses promote industrial growth?
It is a very good question science technology gives a ideas for the development of industries ie.,by implimenting number mechines to make the work easy then business: business is nothing but investment. Here there is a link for science and business. By investing the money we can purchage the science technology based mechines. By using these mechines we can promote industrial growth
What is full form of IMT?
Its a reputed Business School in India n Dubai.... Institute of Management Technology....
What has the author Donald A Hicks written?
Donald A. Hicks has written: 'Advanced Industrial Development' -- subject(s): Business relocation, Industrial location 'Is New Technology Enough?'
What has the author Wolfgang Keller written?
Wolfgang Keller has written: 'Multinational enterprises, international trade, and productivity growth' -- subject(s): International business enterprises, Industrial productivity, International trade 'Geographic localization of international technology diffusion' -- subject(s): Foreign Investments, Industrial Research, Investments, Foreign, Research, Industrial, Technology transfer 'The origins of spatial interaction' -- subject(s): Commerce, Mathematical models 'Market integration and economic development' -- subject(s): Agriculture, Economic aspects, Economic aspects of Agriculture
What has the author Jeremy Kohler written?
Jeremy Kohler has written: 'The campus, technology & Wisconsin' -- subject(s): Directories, High technology industries, Industrial Research, Research grants, Research, Industrial, University of Wisconsin--Madison, University-based new business enterprises
Give examples of each Business to business interaction?
When businesses sell to other businesses wholesale that is a business to business interaction. Another example is when businesses partner with other businesses.
Is technology driving business or business is driving technology?
Its an interdependent relationship. Technology thrives on being useful to business and not much else ... Business advances through the use of technology.
What is business technology?
Business technology optimization is the action of optimizing your business technology. This should be done by technology savvy people and should never be attempted by the secretary.
Business Technology Event?
A Business Technology Event is an event that features speakers who present business technology topics. For example, a speaker at a business technology event may speak about social networking.
What is the relationship between business and technology?
Relationship between Technology and Business?
What has the author Shekhar Chaudhuri written?
Shekhar Chaudhuri has written: 'Entry strategies and growth in foreign markets' -- subject(s): Case studies, Management, International business enterprises, Export marketing, Industrial marketing 'Interaction between firms and technology institu[t]ions in India' -- subject(s): Business enterprises, Technological innovations 'The market for technical services in India' -- subject(s): Customer services
