• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

ICT in Business and Commerce

Extracts from this document...

Introduction

ICT -1) ICT in Business and Commerce - ICT in banking * The banking sector relies heavily on ICT For: � Telephone banking � Internet banking � ATMs � Credit/Debit cards � MICR � Direct debit � Smartcards Shopping on the Internet (E-Commerce) Advantages to the business: * Open 24/7 * By asking customers to "register", businesses can build up databases/customer profiles * People can shop without leaving home * People can search massive online databases to find exactly what they want (see the case study below) A site such as Amazon has reviews of books, CDs and video games. You can read what other people thought of the product before you buy. ...read more.

Middle

the distribution of manufacturing goods. International carriers can make huge savings by taking orders over the Internet, and customers can not only make savings but also get online information about exactly where their goods are, and when they are delivered. End of Chapter Exercise 1. A large clothing retailer has decided to set up an on-line store. a) 2 advantages of online selling: 1) There is a huge saving on overheads: no costly warehouse space, rent, heating or employee facilities. 2) It is a valuable market research tool- a list of customers' names and addresses, purchases, likes, dislikes and suggestions can be built up to build customer profiles and databases. ...read more.

Conclusion

2) There are various advertising opportunities and the ability to place attractive advertisement animations on websites- in order to grasp their attention and sell the product. 2) The use of Automated Teller Machines (ATMs), provided by banks and building societies, has become a common way for people to obtain cash. a)i) One Advantage to bank: 1) No need to hire staff for distributing cash and assigning more important jobs to them, thus saving cash. 2) Two Advantages to the customer: No need to queue in long lines. Withdrawing money for customers is much quicker and efficient. b) Advantages of Tracking credit card purchases to companies: It is possible to see whether strange and inconsistent transactions have been made and for instance, a card has been stolen. ?? ?? ?? ?? Nikhil Varadharajan 10J Dr. Onifade ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Legislation & The Legal Framework section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Legislation & The Legal Framework essays

  1. The impact of ICT on the environment

    With out ICT communications this news may now have reached us yet. The Internet also has many other uses, which affects people. Many of the functions of the Internet are extremely beneficial to people but some of them aren't so good.

  2. The Legislation That Protects Individuals and Groups using IT. Use of It by myself ...

    Mr Ajaib can thus easily be tricked. Facebook contains a lot of bots. These are computerised programs coded to do a certain task. These bots are typically fake profiles, often disguised as attractive women, which send messages to people in hopes of passing viruses, no euphemism intended.

  1. 3E-The legislation that protects individuals and groups from the misuse of ICT

    Obrien from the various problems that may arise without this specific law. IMPACT OF LAW UPON THE LEYTON COMMUNITY The data protection act creates an impact upon the whole community of Leyton. This is specifically because every individual living in Leyton may have a particular link with an organisation i.e.

  2. You have to explain how you have looked after the equipment and ensured its ...

    The following list of specific considerations may help as they relate to most ICT equipment including computers, scanners and photocopiers: � Electrical safety � Heat � Humidity � Light � Noise � Space � User comfort Electrical safety Within the usual restrictions of locating electrical equipment (such as socket availability

  1. Legal Aspects of Using Information Technology

    ...be processed within the rights of data subjects 7) ...be kept secure against loss, damage and unauthorised and unlawful processing 8) ...not be transferred to countries outside the European Economic Area Looking at the eight principles mentioned above, the first five of them establishes the general standards of data quality.

  2. The legislation that protects individuals and groups from the misuse of ICT

    when handling data, Askews solicitors has a strict policy in place to protect both themselves and their clients, clients sign a disclaimer which sets out the rights that they as customers have and what the solicitors must do. It creates more paperwork, and takes longer to process information but in

  1. Legislation and ICT

    It is all right to keep information for certain lengths of time but not indefinitely. This rule means that it would be wrong to keep information about past customers longer than a few years at most. 7) The information must be kept safe and secure.

  2. How has technology changed and affected shopping trends and the social behaviour of customers?

    The ICT industry is a permanent state of evolution; it's always continuously changing. The product cycles seems to be getting shorter and shorter. Customers are demanding faster response times for delivery and repairs, and there is a consistent requirement for a reduction in stock levels and inventory costs.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work