Contents LO1-Understamd how organisations use business information

Contents
LO1-Understamd how organisations use business information 4
Task 1-P1.1 4
Task 2-P1.2 4
Task 3-P1.3 4
Written 5
Images(static/animated) 5
Verbal 5
Multimedia 5
Diagrammatical (Flowcharts) 6
Symbolic 6
Statistical 6
Task 4-P1.3 7
Operational support 7
Analysis 7
Decision Making 7
Marketing and Sales 8
Communication 8
Flow 8
Task 5-P1.3 9
Task 6-P1.4 11
Sales 11
Finance 12
Marketing 14
Operational 14
Production 15
Human Resource Management 17
Research and Development 18
Administration 20
Competitor Analysis 21
Purchasing 21
Task 7-P1.5 22
Sales 22
Finance 23
Marketing 23
Operational 24
Production 24
Human Resource Management 24
Research and Development 24
Administration 24
Competitor Analysis 25
Purchasing 25
Task 8-P1.5 25
Internal: 25
External: 26
Qualitative: 27
Quantitative: 28
Primary: 28
Secondary: 28
Task 9-P1.5 29
Internal: 29
External: 29
Qualitative: 30
Quantitative: 30
Primary: 31
Secondary: 31
Task 10-M1.1 31
Task 11-P1.6 32
Collection and Storage 32
Manipulation 33
Retrieval 33
Analysis 34
Presentation 35
Task 12-P1.6 36
Collection and Storage 36
Manipulation 37
Retrieval 37
Analysis 38
Presentation 38
Task 13-M1.2 38
Task 14-P2.1 39
Reliability 39
Relevance 40
Time-Frame 40
Accessibility 40
Quality 41
Cost-Effective 41
Appropriate 41
Task 15-P2.1 41
Reliability 42
Relevance 42
Time-Frame 42
Accessibility 42
Quality 43
Cost-Effective 43
Appropriate 44
Task 16-M1.3 44
Task 17-M1.4 45
LO2-Understand the issues related to use of information 46
Task 1-P3.1 46
Task 2-P3.2 47
Task 3-P3.3 47
Task 4-P3.4 48
Task 5-P3.5 50
Task 6-D1.1 53
Task 7-P3.6 55
Task 8-D1.2 56
Task 9-P3.7 57
Task 10-D1.3 58
Task 11-P3.8 58
Task 12-D1.4 58
Task 13-P3.9 58
Task 14-D1.5 58
Task 15-P3.10 58
Task 16-D1.6 58
LO4-Be able to use IT tools to produce management information 58
Task 4-P6.3 58
Task 5-M3.1 61

LO1-Understamd how organisations use business information

Need essay sample on Contents LO1-Understamd how organisations use business... ?We will write a custom essay sample specifically for you for only $12.90/page

order now

Task 1-P1.1

Data is raw and unfiltered; it has no meaning but with context it contains all the information they said business needs. Sales figures are an example of data. In other words, data could be £5,000; this has no meaning until we are told that it is about sales. Marketing questionnaires are another example of taking figures from results which could be 1,000 and then putting this into context such as 1,000 people said they would buy their product in an area.

Task 2-P1.2

It is only when the data is interpreted to become information is when it can be used appropriately. Every section and department of a business requires data to be interpreted, catalogued. Reimagined and then used to transform into useful parts of information.
A database allows all the data collected to be input into it and then through use of queries reports this back as information. Internal

close

HAVEN’T FOUND ESSAY YOU WANT?

Get your custom essay sample

Let us write you a custom essay sample

Armando
from Essaylead

Hey! So you need an essay done? We have something that you might like - do you want to check it out?

Check it out