Automation
Machines can complete production tasks with limited human intervention.
CAIE IGCSE Business 0264 - Paper 1
Why it’s here: A new 0264 topic page ready for technology and production questions and specimen material.
The main ideas to know for 4.2 Technology and production of goods and services.
Machines can complete production tasks with limited human intervention.
Technology improves planning, design, inventory control and communication.
Technology may raise speed, consistency, capacity and productivity.
High cost, training, maintenance and job losses must be considered.
TGD is a primary sector business based in country X. It has 6 gold mines and 3000 employees. TGD uses many factors of production. The directors are considering whether to introduce new technology into TGD’s mines. TGD exports 80% of its gold. The managing director is concerned about how changes in country X’s exchange rate might affect TGD’s exports. She knows that TGD’s business activities can negatively affect the environment.
d) Do you think the advantages for TGD of introducing new technology are greater than the disadvantages? Justify your answer. [8]
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