External Influenecs (PEST) 0.0 / 5 ? Business StudiesOwnership and controlGCSEWJEC Created by: Jordan OCreated on: 09-03-18 17:35 What is CAM? Computer Aided Manafacturer - uses machines controlled by computers 1 of 9 What is CAD? Computer Aided Design - creates precision drawings 2 of 9 Advantages of CAM & CAD Speed, greater accuracy 3 of 9 Disadvantages of CAM & CAD Expensive, time consuming e.g. set up 4 of 9 Advantages of introducing new technolgy to a business More creativity/ideas, faster approach 5 of 9 Disadvantages of introducing new technology to a business Expensive, time consuming e.g. set up 6 of 9 Define e-commerce The buying or selling of goods or services on the internet 7 of 9 Advantages of e-commerce Faster buying/selling , more reach to customers 8 of 9 Disadvantages of e-commerce Hackers, mechanical failures 9 of 9
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