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Q. Use of Information system in business?
The utilization of information system has been increasing day by day. It assists to give a competitive advantage over business rivals. The utilization of Information system in business is as follows: -
Promoting business innovation- Investment in information technology is able to result in the development of unique products and services or processes. This can create latest business opportunities and enable a firm to expand into new markets or segments of existing markets.
Exp: - ATM represented an attractive also convenient new banking service produced and distributed to customers by making innovative changes in the delivery of bank services. Therefore information systems technology was used to develop a strategic new distribution process for bank services.
Absenteeism
Trade discount is usually given to the regular clients who are buying the goods in large numbers. It can be like if you buy 100 numbers we will give you 20 numbers free or buy for
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business management
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