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Computers in business essay

computers in business essay

new things. When demand increases, both the price and the quantity increases Decrease in demand: A decrease in demand for the computer system will lead to increase in price of computer and the quantity decrease. The factors which will influence price of computer in the free market can be categorized in to two. Storage, instead of filing cabinets, businesses are able to store millions of files using computers and servers. But innovation was a slow and steady affair for most of the 20th century. When the producer decreases the price of computer, the price falls towards equilibrium point.

Ex: good weather conditions will influence the supply of agricultural products and bad weather will decreases the supply of agricultural products.the extreme natural events such as earthquakes, tornadoes and hurricanes can decreases the supply of all the products. Social networking is more efficient than going to clubs. While making price decisions regarding a computer system we have to take into consideration the demand for the product, supply and cost of the product. People can find entertainment on the internet. Farmers use computers for production records, financial planning, research on technical issues, and procurement. Internet marketing using online advertising methods (SEO, PPC, Facebook Ads) are far more accurate ways than traditional marketing of finding target audiences, discovering their needs, and building a marketing campaign to persuade them to buy. Economy has been drastically affected. There are also specialize software that can manage your income and expenses and generate some cool reports.

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