Categories of information used by organisations

Question 1

Categories of information used by organisations

Answer 1

Knowledge management and creation
Management information systems
Marketing, promotions and sales
Financial analysis and modelling
Contact management
Decision making
Internal and external communication

Question 2

Knowledge management and creation

Answer 2

KMC is Information being put into a context for management to use.

Question 3

Management information systems

Answer 3

MIS is a system designed to provide key information to make strategic decisions for management and directors.

Question 4

Marketing, promotions and sales

Answer 4

This is the process of selling and the process can be exploited by the user using a target market so that sales may rise.

Question 5

Financial analysis and modelling

Answer 5

Financial analysis and modelling is the process of analyzing any financial records to gain information to further create models of expected customer behavior and display statistics.

Question 6

Contact Management

Answer 6

Contact management refers to the management between the business and others associated with the business.

Question 7

Decision making

Answer 7

When information is researched beforehand to create a decision. Design support systems are systems designed to help management make decisions.

Question 8

Internal and external communication

Answer 8

Internal and external communication refers to exchanging data between the business and people outside of the business.

Question 9

Big data

Answer 9

Big data is any data that is either too large or too complex for traditional data analysis techniques to be used.