Explain different types of business information, their sources and purposes

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Understand the different types of business information:

What types of information is there: Information comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions.

There is an enormous range of verbal communication. Speech enables complex ideas to be expressed and discussed. However, the absence of speech would not prevent us from communicating effectively by other means. For most people is talking is the most comfortable method of expression. It is immediate, it provides a huge range of choices to convey all al our messages, and of course it is rapid. How often have we heard it said, in response to particular problem?

Verbal Information: Verbal information is when someone delivers information face to face. This is called verbal communication which is the best way to communicate. There is a less scope for people to misunderstand what is being said and it allows for verbal and non verbal messages. Furthermore with the constraints of time and budgets in the businesses it is not always possible to meet someone in person. It is important to use many combination of methods so when you have telephone conversations which is a useful way to communicate.

Written information: Writing is the use of physical symbols to represent words. To make up the speech is the sound of the words. But this definition can be broadened to include other forms of physical representation, such as diagrams, graphs and charts- in other words, all types if visual representation can be included under this heading as well. We wouldn’t have been able to reach our present state of economic, social and technological development without our ability to produce written information. Written information may come from a wide variety of sources including newspapers, books, trade, journals and government publication.

On screen information: There are many ways of producing information of the most popular is on screen. This can be seen in multimedia TV and CD- ROMs that unite text, graphics, animation, audio and video.

Multimedia Information: The term multimedia means to multiply forms of media integrated together. Media can be text, graphics, audio, animation, video, data, and so on. An example of multimedia is a web page about Mozart that has text regarding the composer along with an audio file of some of his music and a video of his music being played. Even though there are many types of media being integrated with one another, multimedia can also stand for interactive media, such as video games, CD-ROMs that teach a foreign language. The other terms are that area sometimes used for multimedia hypermedia and rich media.

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Web- based Information: There are many benefits of multimedia within the web-based information. It is possible to steam sophisticated content to a computer anywhere in the world. This is an advantage for many people as the information can be received and read wherever and whenever it is convenient for them, which can be critical factor for a busy executive. A significant amount of interactive multimedia content is now delivered via the internet.

What are the purposes of information? It is essential to have reliable and valid information to all businesses and organisations. An organisation without information is like someone wandering ...

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