What is the impact of technology on modern micro-enterprises?

The impact of technology on modern micro-enterprises is significant, particularly in how it streamlines operations. By incorporating technology, micro-enterprises can automate processes, improve communication, and enhance productivity. This can manifest in various ways, such as using software to manage inventory, employing digital tools for customer relationship management, or utilizing social media platforms for communication and marketing.

Streamlining operations translates to increased efficiency, as tasks that were once manual and time-consuming can now be completed more quickly and with greater accuracy. This efficiency not only saves time but can also reduce labor costs, allowing micro-enterprises to allocate their resources more effectively.

In contrast, the other options suggest a negative impact of technology that does not align with the overall trend observed in micro-enterprises. For instance, increased overhead costs typically stem from extensive investments in technology, but effective utilization can mitigate this. Limits on market research opportunities and fewer marketing options run counter to the reality that technology often provides enhanced tools for both, allowing businesses to gather and analyze data more effectively and reach broader audiences through digital marketing channels. Thus, the preeminent impact of technology in this context is its ability to streamline operations, driving growth and efficiency for micro-enterprises.