Information technology allows many people to participate in the labour market. These include people with more work flexibility and people with disabilities.
Information technology also enables people to be self employed and also led to the development of equipment for use by disabled people.
Information technology avails the tools required by managers to make better decisions hence improving firm performance such as digital dashboards that bring minute to minute changes in the market and the firm's vital signs to the executives computer.
Information technology has led to the creation of globalized markets through the use of Visa for money transfers across borders and emails and other telecommunication services that allow communication across borders.
Faimus answered the question on February 10, 2018 at 15:52
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Date posted:
February 10, 2018
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General trends indicate that ICT will continue to be the driver of change in the future. Discuss the validity of this proposition.
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Date posted:
February 10, 2018
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Differentiate between transactions and batches as used in information systems
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February 10, 2018
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February 10, 2018
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Define the following terms
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February 10, 2018
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February 9, 2018
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February 8, 2018
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(Solved)
Consider the following simple two period model: There are n customers, each of whom is willing to pay V per period to buy a nondurable good. There are two producers that produce the good at a constant marginal cost of c. The producers are unable to commit to future prices. In order to switch consumption from one firm to another, a consumer must pay a switching cost s. Use this model to discuss the concepts of switching costs and lock in.
Date posted:
February 7, 2018
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(Solved)
Explain the factors that negatively impact the work of updating existing software applications.
Date posted:
February 7, 2018
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(Solved)
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Date posted:
February 7, 2018
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February 6, 2018
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February 5, 2018
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February 5, 2018
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February 5, 2018
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February 3, 2018
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ICT has assumed an increasingly strategic role in the Kenyan economy in the recent years. Between 2000 and 2012, the country's wider transport and communication...
(Solved)
ICT has assumed an increasingly strategic role in the Kenyan economy in the recent years. Between 2000 and 2012, the country's wider transport and communication sector, of which ICT is a part, grew at a compound annual rate growth of 7.7%, outperforming all other sectors of the national economy. During the recent economic slowdown the sector was not affected as much as other sectors of the economy. Explain how IT dampens the severity of business cycles.
Date posted:
February 3, 2018
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Answers (1)
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(Solved)
Discuss the three types of price discrimination in relation to information technology.
Date posted:
February 3, 2018
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Answers (1)
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(Solved)
ICT firms normally sell their goods at different prices. Explain why this is important in high tech industries.
Date posted:
February 3, 2018
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Answers (1)
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Using information technology to engage in international development is difficult in a region of the world where the internet has not reached every sector of...
(Solved)
Using information technology to engage in international development is difficult in a region of the world where the internet has not reached every sector of the population. However, Kenya is leading the way in transforming information technology usage in Africa. Explain some general trends that suggest that Information communication and technology will continue to be a driver of growth.
Date posted:
February 3, 2018
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Answers (1)
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The more firms invest in IT, the higher their productivity. Discuss this statement by explaining the three reasons why IT boosts productivity.
(Solved)
The more firms invest in IT, the higher their productivity. Discuss this statement by explaining the three reasons why IT boosts productivity.
Date posted:
February 3, 2018
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Answers (1)