1.4 Uses-of-Business-Tools-and-Technologies
Studied by 0 people
Call with Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt Play1/11
There's no tags or description
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No study sessions yet.
12 Terms
Planning
Business tools help managers plan activities, schedules, budgets, and strategies
Decision-Making
Tools provide accurate and timely information for better decisions.
Improving Efficiency and Productivity
Reduce Manual Work & Faster Completion
Faster Completion
Tasks are completed faster with fewer errors.
Reduce Manual Work
Business tools reduce manual work and processing time.
Communication
They facilitate internal and external communication.
Record Keeping and Data Management
Secure Storage & Easy Retrieval
Secure Storage
Business tools store and organize business records securely.
Easy Retrieval
This ensures __________ of financial, customer, and operational data.
Cost Reduction
By automating processes, business tools minimize labour and operational costs.
Customer Service Improvement
Tools help businesses respond quickly to customer needs.
Competitive Advantage
Using modern business tools helps organisations stay competitive.
Note 
Flashcards (51)