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Business Intelligence - Unit 4
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- 1Business Processes refer to ....The manner in which work is organised,
co-ordinated and focused to produce a valuable product or service - 2Information Systems are ...All about improving business processes
- 3Information Systems (IS) is .....Networks of hardware and software that people use to collect , filter , process , create and distribute data to support decision making
- 4The 4 components of Information Systems are .....Hardware , Software , Data and Networking Communications
- 5Hardware is ...The part of an Information System you can touch
- 6Software is ....The set of instructions that tells the hardware what to do. Also Non-Tangible
- 7Two main software categories ?Operating system software & Application software
- 8What is operating system software ? ...Operating system software makes the hardware usable (Windows or Android)
- 9What is application software ? ...It does something useful
( Excel or Angry Birds) - 10What are 2 examples of uses for Information Systems ? ....Sales management & Marketing management
- 11How do information systems improve business processes ? ....1.Increasing the efficiency of existing processes
2.Enabling new processes that are able to transform the business - 12Sales and Marketing function is responsible for ...Selling the organizations products and services
- 13The Marketing Information System ...Refers to the systematic collection , analysis , interpretation , storage and dissemination of the market information
- 14What are some uses of MIS ? ....Monitor trends & Support planning for new products or services
- 15What are manufacturing and production (IS) responsible for ? ...Producing the firms goods or services
- 16Manufacturing and production systems deal with ? ...Planning , development and Establishment of production goals
- 17Finance and Accounting in (IS) are responsible for ? ...Managing the firms financial assets
- 18Finance function systems deal with ? ...Managing the capitalization of the firm
- 19Some uses of (IS) in accounting areTo keep track of a firms financial assets and track the flow of funds
- 20Human Resource (IS) are responsible for ? ...Attracting , developing and maintaining the firm's workforce
- 21Human resource systems deal with ? ..Identifying potential employees and creating programs to develop the skills of employees
- 22Information Technology (IT) is ?.....The study, design, implementation, support or management of data within an information system
- 23Information Systems (IS) refers to ? ....An entire set of information. Not only technology but people included in the process too
- 24How does information systems (IS) impact companies ? ...It is a factor of production that can be substituted for capital and labor
Reduces internal management costs - 25What are the 4 strategies used to deal with competitive forces ? ...1. Low Cost Leadership
2.Production Differentiation
3.Focus On Market Niche
4.Strengthening Customer and Supplier Intimacy - 26Low Cost Leadership uses ? ...Informational systems to achieve the lowest operational costs and prices
- 27Product Differentiation uses ? ...Information systems to produce new products and services
- 28Focusing on Market Niche uses ? ....Information systems to enable a specific market focus
- 29Strengthening customer and supplier intimacy uses ? ....Information systems to improve linkages with suppliers and develop intimacy with customers
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- Fichas sobre Business Intelligence - Unit 4, creado por Leon Lucey el 16/05/2023.
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- Leon Lucey
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