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10 Cards in this Set
- Front
- Back
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Advances in ICT have dramatically changed the way that manufacturing is organised and managed. So what are these advances?
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Improved use of Email and Electronic Data Interchange (EDI)
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State what EDI stands for and give a brief outline of what it is?
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Electronic date interchange is a new way for companies to do 'paperless' business using a process that transfers business documents through a computer network, rather than via the postal system.
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Discuss the advantages for EDI.
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Saves money by eliminating the need for processing paper documents.
Saves time as information is transferred digitally. Improves customer service as business documents are transferred quickly with fewer errors. Expands customer base due to improved customer service through efficient EDI processes. |
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What does EPOS entail?
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Tracking a product to check on various aspects of its sale.
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Name two advantages to the Manufacturer of using an EPOS system.
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Full and immediate financial information. Monitors sales, allows for quick responses to large orders.
Provides a full and responsive stock control system Meets customer needs, ensureing no excess or wastage of stock |
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What are the benefits of using an EPOS system in regards to the consumer?
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Provides a sense of trust in the company as EPOS helps to identify counterfeits as well as ensuring that a recall of a defective batch is carried out efficiently.
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In internet marketing, what are two disadvantages for the client in regards to personal security?
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Personal information can be shared between companies
Concerns about the inputting of Bank details on websites. Possible spread of junk mail and threat of viruses. |
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What are two disadvantages of using the internet as a medium for sale?
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Difficult to find websites without exact details so extra money is needed for other methods of advertising.
Slow internet connection makes it impractical. Does not allow hands on experience of a product. Issues of access to inappropriate material. |
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State 2 advantages of internet marketing to the company/manufacturer?
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Increased company profile on a world-wide basis
Faster processing of orders and transactions, Reduces need for sales force and need for retail outlets Less expensive than traditional advertising media. |
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What are 2 advantages of internet marketing to the consumer?
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Access to a wide range of products and services
Availability of product information to inform purchasing decisions Online discounts and savings through price comparison websites Convenience of shopping at home |
