ANSWERS: 1
  • Business in today's world would not be possible without computers. Companies use computers for calculation and communication. They also embed computer hardware and software in their products, from toys to cars to oil wells.

    Function

    Computers automate tasks, such as financial calculations, allow instant communication via email, control manufacturing equipment, and track goods throughout manufacturing and shipment.

    Features

    Business computers and software are usually much more complex than personal computers. They store many terabytes of data and perform complicated tasks, such as calculating international currency exchange rates.

    Benefits

    Using computers allows businesses to know prices for goods across distance and time, which allows them to be very efficient when buying raw materials and selling their own products. They can also reach their customers directly at low cost through email and websites.

    Simulations

    Companies can create complex simulations that allow them to reasonably predict what might happen as a result of their actions, and to calculate the probability of good or poor outcomes.

    Potential

    As computers become cheaper and more powerful, they allow businesses to start new and helpful industries that were previously impossible, such as biotechnology and cybernetics.

    Source:

    University of Pennsylvania: Engines of Change: How computers have affected - and been affected by - the way Penn does business; Randall Couch

    MyOwnBusiness: Using Computers for Your Business

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