The federal government estimates that if just 25% of cars used lighter-weight materials, the country would consume 5 billion fewer gallons of gas each year by 2030. A decrease in the demand for the good: b. Smart mobility Software Categories; Search; Blogs; Hotel Management; 6 Ways Technology Can Improve the Hotel Guest Experience ; 6 Ways Technology Can Improve the Hotel Guest Experience. Enhance your marketing . Published Feb. 06, 2018 by Dan Taylor in Hotel Management. D) lead to a rightward shift in the supply curve. Advancements in technology have had a profound affect on the efficiency and operations of product distribution. Expect big … Capital goods include technological advances from iPhones, to cloud computing, to electric cars. Also, making things one at … You can use the web or attend trade shows to stay on top of new technology. E) lead to a … 2. Labor. E) lead to a rightward shift of the demand curve. Forests are among the renewable resources. Deliberate improvements. b) society's desire to produce more of the goods. For this reason, businesses turn to reliable shipping companies that use the latest technological advancements to ensure safe and efficient delivery. C) lead to a rightward shift in the supply curve. d. An increase in the supply of the good. Important examples of early to medieval European technology include the water wheel, the horse collar, the spinning wheel, the three-field system (after 1500 the four-field system—see Crop rotation) and the blast furnace. 7) An improvement in the technology used to produce solar panels will A) lead to a leftward shift in the supply curve. b. NASA used a 3D printer to make a pizza, possibly a step forward for astronaut meals in space. If not for the use of technology, we wouldn’t have been able to produce electric power or harness it. Best answer. Blockchain. 0 votes. There are fewer uses of technology that are more important than the improved safety of the workers. Drones. C) lead to a leftward shift of the demand curve. Having a smart infrastructure means that a city can move forward with other technologies and use the data collected to make meaningful changes in future city plans. Whether you use new technology like RFID tracking or more traditional inventory control technologies, proper labelling is essential. An increase in the demand for the good. B) lead to a leftward shift of the demand curve. Business is no longer just about buying and selling of goods and services, but how technology can be used to assist and expand those services. By using our website you consent to all cookies in accordance with our updated ... and is expected to remain, one of the largest employers. The possibilities are also endless. The timeline of clothing and textiles technology includes major changes in the manufacture and distribution of clothing.. From clothing in the ancient world into modernity the use of technology has dramatically influenced clothing and fashion in the modern age. Productivity-improving technologies date back to antiquity, with rather slow progress until the late Middle Ages. Transportation of goods is one of the most important issues of international trade, as the speed of delivery and preservation of products' quality are major success factors for companies. a. More companies are using technology to handle customer service in an efficient and cost-effective way. Producer goods, also called intermediate goods, in economics, goods manufactured and used in further manufacturing, processing, or resale.Producer goods either become part of the final product or lose their distinct identity in the manufacturing stream. Which of the following would shift the production possibilities frontier outward? Resource owners earn rent in return for land. Workers can take Internet classes to gain new skills Automation can create goods more cheaply and easily Businesses can hire factory workers across the world Container ships can transport a number of goods at once. C) lead to a rightward shift of the demand curve. Regardless of whether you’re starting or expanding your business, research is vital to understanding your target markets and increasing sales. People can … 5. Good labels will increase the speed and efficiency of the warehouse receiving process and reduce costly errors. Blockchain has been used in the financial sector as a more efficient means of recording data, and it has just recently been adopted by the shipping industry to replace labor intensive log books, spreadsheets, and individual databases. A decrease in the demand for the good. Successful entrepreneurs use market research to keep up with trends, make better business decisions and maintain their company’s competitive edge. Answer: Enable an economy to produce outside its original production possibilities frontier Welcome to Sciemce, where you can ask questions and receive answers from other members of the community. Make deliberate improvements when you know why customers use an existing feature and what they appreciate about it. An improvement to the efficiency of the plant in terms of increased productivity and a reduction in material wastage. D) lead to a rightward shift of the demand curve. We use cookies to improve your experience on our website. This also includes any natural resource we use to produce goods and services. A business can’t survive without customers, so using technology to improve their dealings with your company can pay big dividends. Share This Article 0 0 0 0. What is one way that technology can improve the distribution of goods? Use when: There is a feature that all your customers use and like, and you see opportunity to add significant value to it. 3D printing can be used to make replacement parts for repairing things instead of buying all new items. Container ships can transport a number of goods at once. answered Oct 24, 2019 by Camilla . Interactive websites, online chat support services and 24/7 customer service via social media can set you apart from the competition and help increase your profits. a. Today, it can be generated through various means because of technology. An improvement to the speed and value of communication between the … Here's how you can use the latest technology to achieve customer satisfaction, even at independent and boutique hotels. Forests, coal, natural gas, copper, oil, and water, for example, belong to the category common land or natural resources. Trade shows are a great resource as software vendors often make their information available to attendees. By introducing technical systems and technology-based processes into product distribution models, order fulfillment companies can benefit from significant improvements to efficiency, workflow, and at the end of the day, the bottom line. So, using the same technology used to hail an Uber driver, you can organize for door-to-door delivery of goods. E) lead to a … 63)An improvement in the technology used to produce solar panels will 63) A) lead to a leftward shift in the supply curve. Precision agriculture is a major player when it comes to how technology can make a difference. a) more efficient use of existing resources and technology. 3D printing technology has been deployed to mitigate shocks to the supply chain and export bans on personal protective equipment. An improvement in the technology used to produce a good will result in which of the following? The benefits of adopting technology into manufacturing practices include: An improvement of the quality of product throughout all stages of the manufacturing process, and not just the end product. It also helps to keep abreast of technological developments and ensure that your business is taking advantage of the latest innovations to improve productivity. Clothing technology involves the manufacturing, materials - innovations that have been developed and used. This paper will identify some of the problems and indicate some of the proposed solutions. Studies have shown that reducing the weight of the vehicle by as little as 10% can improve fuel economy by 6% or more. An improvement in the technology used to produce goods would: asked Jun 25, 2019 in Economics by DBN666. Technology That Can Improve Safety in Manufacturing. In the US alone, computer and information technology jobs are expected to grow by 22% up to 2020, creating 758,800 new jobs. An improvement in the technology used to produce a good will result in which of the following? B) lead to a leftward shift of the demand curve. B) have no effect on the supply curve for solar panels. The Foodini is a 3D printer designed for the home kitchen. 4. D) have no effect on the supply curve for solar panels. The use of technology to expand health and safety in the workplace is effective and significant. Oil or natural gas, on the other hand, are non-renewable resources. A deliberate improvement seeks only to make the feature better in ways that will be appreciated by the current users. 8) An improvement in the technology used to produce solar panels will A) have no effect on the supply curve for solar panels. In Australia, building and running the new super-fast National … c. A decrease in the supply of the good. Modern technology raises a host of problems for the law of international trade in goods and services. Radio-frequency identification (RFID) Many companies have chosen RFID technology to improve the efficiency of the receiving process and track … Len Calderone for | ManufacturingTomorrow. microeconomics; 0 Answer. An increase in the demand for the good: c. A decrease in the supply of the good: d. An increase in the supply of the good a) an improvement in the technology used to produce good X b) an increase in the price of good Y, a substitute c) a decrease in the price of inputs used to produce good X
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