Intro to Business Essay

981 Words4 Pages
1. In your own words, describe how information reduces risk when you make a personal or work-related decision. In your life, you are making decisions all the time. Some of these decisions you take on your own and others you made after consulting internal and external forces. When you make a decision, you need to find some backgrounds information about the issue in question because if you made a decision without information is a gamble. 2. What are information rules? How do they simplify the process of making decisions? The information rules are the great simplifiers for all decision makers. It is the marketing research to show that discount influences. Information rules help the manager to make decisions correctly based on the…show more content…
Internet a worldwide network of computers linked through telecommunications. Intranet a smaller version of the internet for use within a firm. Networks: wide-area network (WAN) a network that connects computers over a large geographic area, such as a state, province, or country. Local-area network (LAN) is a network that connects computers that are in close proximity to each other, such as an office building or a college campus. 7. How can computers and software help the firm’s employees communicate, increase sales, and recruit and train employees? Nowadays many people use computers and software to communicate with others. It helps firm’s employes to communicate any time wherever they are.Gropuware software facilitates the management of large projects among geographically dispersed employees as well as such group activities as problem solving and brainstorming. Internet-based software application programs sometimes referred to as customer-relationship management programs that focus in the special informational needs of sales personnel. That customer relationship increase sales because some customers feel more comfortable buying online. Internet also help to train employees, the companies are spending a great deal of money on educational and training programs for employees. They distribute information about the firm to employees through the internet for study at convenient times
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