Using
new techniques, skills, procedure, methods used in obtaining the goods or
services to achieve certain objectives is known as use of technology for the
businesses. Use of technologies helps us to reach business partners who can
help us to take our business on another level, more potential customers.
We
use technology in the following areas of the businesses-
·
In Manufacturing of
goods
·
To maintain the business
data in the system
·
For Effective Marketing
of the goods or services
·
In accounting and
financing
·
To sell the
goods/services on Digital platform
Technology in Manufacturing of goods:-
Technology
in Manufacturing provide tools/Software/System which enable Manufacturing
sector production of goods or services.
Advantages
of using technology in Manufacturing sector:-
·
Magnify the efforts of
workers
·
Stable Economy
·
Raise standard of
living
·
Provide Effective
national defense
·
Modern Communication
·
Innovative Medical
Equipment
·
Efficient
Transportation
·
Affordable agricultural
products
EPCG
Scheme was launched under foreign trade policy
to allow duty free import of capital goods to manufacture the export products.
Technology used to maintain the business record and
store the official data:-
Storing
the data and maintaining the business details is the key component of growing
business software, tools are used to store the data the following data –
·
Accounting
·
Expense Reporting
·
Budget record
·
Documentation for tax
purpose, legal reasons and make the plan for the growth of business.
Electronic
storage of the data makes the Digital way to store the data which is cost
effective and efficient. To promote the exports Advance Authorisation Scheme
was launched to allow import of raw materials and other inputs to manufacture
the export goods under foreign trade policy.
Technology used in Marketing:-
Marketing
is the boon of any business without doing the marketing there is no any
business can survive nowadays, it generates leads to grow and expand the
business. Digital Marketing is the way of doing marketing by using the digital
technologies such as marketing through fix [pii_email_59d90633fff053520975] error, using the Mobile technology, Search
Engine Optimization, Social Media Platforms.
Email
Marketing is used to send promotional mail, newsletters, company introduction
letter to make the potential customers.
Mobile
technology used for the telemarketing as there is no restriction of the place
from where you are working.
Having
the optimized website is important for the business growth and expansion. We
have discussed how the technologies are used for the growth of business.
Government introduced Advance Authorisation Scheme as export promotion scheme, Advance License issued to allow duty free import of raw materials and additional inputs to manufacture the export goods under the scheme.
