How Businesses Have Changed Over The Years

My major is Bachelor Science of Business Administration. Businesses have changed drastically over the years. Businesses have went from using typewriters, maybe having one landline, and a pager. Now everything is at the business owner’s fingertips from emails, payroll, and security cameras. Technology is more advanced than 20 years ago. Twenty years ago, new business owners were most likely using pay phones at gas stations or at a convenience store to make important phone calls. Nowadays, business owners have a personal cell phone and a business cell phone. Twenty years ago, businesses only had cash registers, but now they have newer cash registers, credit cards, and electronic payments through the cell phones. In mid 2000s ATMs updated

For example, anybody that want to purchase a portion of apple can buy a stock for $156.74 as long as you have that amount in a bank account you can purchase it through an app called Robinhood. A lot of the companies that once existed on the Dow Jones stock market in the 1990s either went bankrupt or doesn’t exist anymore. Companies such as Aluminum Company of America, AlliedSignal, and Bethlehem Steel no longer exist or filed bankruptcy. So, businesses better watch out and make themselves stay relevant by staying with the current trends, following consumers needs, always giving the consumers what they want, and also being futuristic! That would be my way of keeping up with the stock market and give the consumers something fresh and new. AT&T was in the stock market a while then they were brought by Baby Bell Verizon, but Baby Bell Verizon renamed themselves to AT&T. AT&T was replaced by Apple in 2015. This is why you have to stay current because another company can come out with the same products making them ten times better than you are, then, they could be charging a cheaper price than you are. This is why it’s important to stay current and start a business that are in popular demand that people are always going to need such as laundry detergent, cars, cell phones, shoes, and