Question

a.   Assuming that you work for a retail home improvement chain, DIY Discount, has noticed that...

a.   Assuming that you work for a retail home improvement chain, DIY Discount, has noticed that one of its items is not selling nearly as well as anticipated. What information systems of the business will you use to determine the reason for the poor sales? Why?

Homework Answers

Answer #1

There are four types of information system:
1. Transaction processing system
2. Management information system
3. Decision support system
4. Expert system

1. Transaction Processing System :
In the transaction processing system it can check the transaction day-to-day and their routine work is in the flow that can contains the transaction process.The transaction processing system can be based on the two factors:
a) On the online transaction processing
b) On the batch processing

2. Management Information System :
In the management information system it can check the management control level in which it can access all the current performance of any company and check their records with the help of MIS. So we can say that the overall processing of the transaction and sales will be based on this management information system.

3. Decision Support System :
In the decision support system all the important decision about the product company have to taken and handle all the situation around their environment. The decision must be in the support of the requirement of the current prospects and it will be more advanced to analyse all the detailed information of the resources they provide.

4. Expert System :
In the expert system it can belong to all the experience person who can solve the problem on the basis of their research on the product diagonsis. The expert consultant can give their unique ideas about the sales of the product so the companies growth will increase.

All these systems are important for the marketing but the Management Information System is one the most important reason for the sales so we can say that MIS of business can used for the poor sales.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Ethical Dilemma As a buyer for a discount retail chain, you find yourself caught in a...
Ethical Dilemma As a buyer for a discount retail chain, you find yourself caught in a maelstrom. Just last month, your chain began selling an economy-priced line of clothing endorsed by a famous movie star. To be price competitive, you have followed the rest of the industry and sourced the clothing from a low-wage region of Asia. Initial sales have been brisk; however, the movie star has recently called you screaming and crying because an investigative news outlet has reported...
You are a store manager of a retail store selling home goods. Your store will soon...
You are a store manager of a retail store selling home goods. Your store will soon be selling a new product, both in the physical store as well as online. It is your responsibility to be able to identify the new product, distinguish it from other products, and track and report back to the store owner on whether the product is successful. Explain how you will define the success of the offer, product, or play from a business perspective. Explain...
You are a general manager of a clothing retail chain called"hard luck clothing". your boss has...
You are a general manager of a clothing retail chain called"hard luck clothing". your boss has provided you with the following information and has asked you to prepare a cash budget for February and march. The owner has a particular format for you to use and has attached it to the information provided. A. Budgeted Cash collection: January- $200,000 ,February:$240,000 .March-$225,000 ,April-$245,000 B.Cash payments for purchases: January-$77500 ,February- $73250 ,March- $68750 ,April- $84000 C. Budgeted sales: January-$375000 ,February-$250000 ,March-$225000 ,April-$275000...
Penco is excited by the results of your previous work and has asked you to review...
Penco is excited by the results of your previous work and has asked you to review operations at Exciteco where it is an institutional investor. Exciteco manufactures electronic components for export worldwide, from factories in Finland, for use in smartphones and hand-held gaming devices. These two markets are supplied with similar components by two divisions, Phones Division (P) and Gaming Division (G). Each division has its own selling, purchasing, IT and research and development functions, but separate IT systems. Some...
Please show work: Business Description A friend who is an excellent baker has decided to open...
Please show work: Business Description A friend who is an excellent baker has decided to open a cupcake store to sell gourmet cupcakes. They have asked you if you will be interested in investing $50,000 for a 50% ownership interest. Using the skills you have developed in ACCT 551 Accounting for Managers, you will analyze the business to determine if you will invest in the company. The business is scheduled to launch on July 1, 2018. Your friend has provided...
Business Description A friend who is an excellent baker has decided to open a cupcake store...
Business Description A friend who is an excellent baker has decided to open a cupcake store to sell gourmet cupcakes. They have asked you if you will be interested in investing $50,000 for a 50% ownership interest. Using the skills you have developed in ACCT 551 Accounting for Managers, you will analyze the business to determine if you will invest in the company. The business is scheduled to launch on July 1, 2018. Your friend has provided you with the...
You work in the treasury department of a manufacturing company and have been tasked to prepare...
You work in the treasury department of a manufacturing company and have been tasked to prepare a short-term financial plan for the coming year. The projected sales forecasts for the next five quarters are, respectively, $210m, $180m, $245m, $280m, and $240m. The firm sells on credit and takes, on average, 30 days to collect from its customers; $68m in receivables are currently outstanding. Also, the firm orders a quarter in advance on credit—purchases in a given quarter is 60% of...
Classify whether each one is JOB ORDER COSTING SYSTEM or PROCESS COSTING SYSTEM? And Why 1....
Classify whether each one is JOB ORDER COSTING SYSTEM or PROCESS COSTING SYSTEM? And Why 1. Famous Cheese Spread was created by a family in a small town in Nebraska. Its website says it sells to around 60 grocery stores in central and eastern Nebraska and also wholesale to Affiliated Midwest, who distributes the product to more than 850 stores in 16 states. Their one product consists of a blend of American cheese, cheddar cheese, salad dressing, pimentos, green peppers,...
2) “Your client Family Dollar Stores Inc. is a chain of dollar stores across the United...
2) “Your client Family Dollar Stores Inc. is a chain of dollar stores across the United States. A dollar store, also known as variety store, is a retail store that sells a wide range of inexpensive household goods including food and drink, personal hygiene products, small home and garden tools, office supplies, decorations, electronics, garden plants, toys, pet supplies, remaindered books, recorded media, and motor and bike consumables. Although the overall dollar store business has boomed as a result of...
Scenario: You work in the marketing department of a new company. The company intends to sell...
Scenario: You work in the marketing department of a new company. The company intends to sell European made kitchen appliances online. These include dishwashers, stoves/ stove tops, ovens, exhaust fans/ canopies/ range hoods, refrigerators, freezers, garbage disposals, sinks and taps, microwaves. They have organised an efficient and effective import procedure for the products they are offering. They now need to develop an appropriate marketing mix for the company. This is a new business and it is important to make the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT