ICT in business

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  • ITC
    • Spreadsheets display numerical information
      • Save time because once formulae are entered, the calculations are done automatically
      • Can easily do 'What-if' analysis
      • No errors made unless incorrect data is entered
    • Accounting software
      • Automatically send invoices to customers
        • Encourages customers to pay promptly
        • Saves time
      • Automatically reorders stock when it reaches a certain point
        • Reduces risk of having no stock
        • Reduces money tied up in stock - only orders when needed
      • Can identify which items are selling well/ badly
    • Stating that it is 'Qucik and easy' will get low marks! Why it is an advantage must be explained


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