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Chapter 17
Description
GCSE Business studies (Flashcards) Mind Map on Chapter 17, created by Ryan Buckley on 26/01/2017.
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business studies
flashcards
gcse
Mind Map by
Ryan Buckley
, updated more than 1 year ago
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Created by
Ryan Buckley
almost 8 years ago
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Resource summary
Chapter 17
Using the internet for research
Advantages
Quicker way for a business to get information
If the information is avalible electronically it is easier for the business to edit it and to place it in its own documents.
It is easier to obtain information about competitors.
Disadvantages
It can be expensive.
The research may not be up to date.
The business should only use research that has been conducted in a similar locality
Having a website
Advantages
Having a website or being featured on a website, can give a business a global presense
Having a website means that they can realistically serve a wide area.
Disadvantages
Cost can be high
To run the stock control systems and booking systems. These take a lot of time to develop.
Secure systems are needed to allow customers to pay for goods and services, so that other people cannot access their information.
Not all customers wish to use a website and if that becomes the norm for that business the on- technically minded customers may go elsewhere.
Using the internet for communication via email.
Advantages
Emails arrive quick after they are sent.
Businesses can communicate easily with their customers regardless of where they live.
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