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Data are raw facts which are further processed into useful information. Required: i) Identify data generated in a purchasing transaction. ii) Briefly explain five main uses of information...

Data are raw facts which are further processed into useful information.
Required:
i) Identify data generated in a purchasing transaction.
ii) Briefly explain five main uses of information to a business organisation.

Answers


Kavungya
a) Data generated in a purchasing transaction
- Purchasing power of customer
- Purchasing trends and patterns
- Most purchased commodities
- Effect of changes of prices on different commodities
- Distribution of customers

b) Main uses of information to business organization
Businesses and other organisations need information for many purposes: we have summarised
the five main uses in the table below.
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Kavungya answered the question on May 14, 2019 at 07:11

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