Briefly explain what each of these are and how they can interact to cause a business failure.

Creating a Technology Plan

The “Big Three” of cash flow management—accounts receivable, accounts payable, and inventory, often dictate the success or failure of a business. Briefly explain what each of these are and how they can interact to cause a business failure. Fortunately, technology provides solutions that enhance a business owner’s ability to monitor these variables. Investigate the software packages available to small business owners, describe these packages, and create a brief technology plan that will facilitate the small business owner’s success in a business type of your choice.

Visit the Webliography to learn more about business technology.

Support your responses with examples.

Cite any sources in APA format.

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