IT THEORY PART E

Question 1

WHAT IS THE ADVANTAGE OF ONLINE RETAILING

Answer 1

• WIDE RANGE OF COMPETITION TO CHOOSE FROM
• BETTER TARGETED MARKETING CAN BE PREFORMED ONLINE

Question 2

HOW DOES A STOCK CONTROL SYSTEM WORK

Answer 2

ITEM DATA IS COLLECTED BY THE BARCODE OR SCANNER
THE STOCK DATABASE OR LEVELS ARE UPDATED
IT COMPARES IT TO THE MINIMUM STOCK REMAINING
AN AUTOMATED DECISION IS MADE TO RE-ORDER STOCK

Question 3

3 ADVANTAGES OF STOCK CONTROL SYSTEM

Answer 3

• INCREASES PRODUCTIVITY BECAUSE THE STPCK BALANCE IS UPDATED AUTOMATICALLY ENSURED THAT NEW STOCK IS ORDERED IN A TIMELY MANNER
• STOCK LEVELS ARE MONITORED AUTOMATICALLY SO THE SYSTEM WILL SEND A NOTIFIACTION WHEN STOCK LEVELS ARE OW SO THAT THEY CAN RE-ORDER

Question 4

WHAT ARE THE DISADVANTAGES OF A STOCK CONTROL SYSTEM

Answer 4

• CAN BE EXPENSIVE AND IT MAY REQIURE STAFF TRAINING

Question 5

WHAT IS DATA LOGGING

Answer 5

IT IS AN AUTOMATED SYSTEM THAT IS USED TO CAPTURE DATA FOR FUTURE ANALYSIS

Question 6

WHAT ARE THE 2 TYPES OF DATA

Answer 6

• PRIMARY DATA WHICH HAS BEEN COLLECTED DIRECTLY FROM THE SOURCE
• SECONDARY DATA WHICH HAS ALREADY BEEN COLLECTED

Question 7

WHAT ARE THE ADVANTAGES OF ONLINE QUESTIOAIRES OVER HARD COPY QUESTIONAIRES

Answer 7

• IT EASIER AND QUICKER TO COLLECT THE DATA BECAUSE IT’S STORED ELECTRICALLY
• LOWER COSTS AS THERE IS NO NEED FOR POSTAGE

Question 8

WHAT ARE THE ADVANTAGES OF FOCUS GROUPS

Answer 8

• NOT IT RELIANT SO IT GIVES ACCESS TO ALL CUSTOMERS
• IT’S QUICKER TO GATHER INFORMATION FROM A LARGE AUDIENCE RATHER THAN INDIVIDUALS
• RESPONDENTS REACH TO EACH OTHERS ANSWERS PROVIDING DETAILED DATA

Question 8

WHAT ARE THE IMPLICATIONS OF DATA MODELLING

Answer 8

• THE VARIABLES CAN BE CHANGED TO ALLOW COMPARISONS FOR DIFFERENT SCENARIOS
• ACCURATE DATA IS NECCESSARY TO PRODUCE USABLE RESULTS

Question 9

WHAT IS THE DIFFERENCE BETWEEN A PIE CHART AND LINE GRAPH

Answer 9

• PIE CHARTS REPRESENT NUMBERS IN PERCENTAGES TO VISUALISE PARTS TO THE WHOLE
• LINE CHARTS ARE EFFECTIVE AS THEY CAN SHOW TRENDS
• PIE CHARTS MAKE IT EASY TO COMPARE SEGMENTS TO THE WHOLE
• YOU CAN PLOT THE SALES IN ONE GRAPH
• ALL SEGMENTS OF THE WHOLE SHOULD EQUAL 100 PERCENT
• NULLS DO NOT ALWAYS SHOW ON A PIE CHART
• IT EASIER TO COMPARE SALE TRENDS ON A LINE CHART