Tuesday, 24 June 2014
P1 Using information
After collecting information, it must be processed into useful information. It can then be used by the organisation in order to make more profit, by changing the way that they run the business according to the data that they get. an example of this would be when Sainsbury's has a lot of excess stock which is not selling well, they can create promotions in store to sell the stock and make profit from it, rather than loosing money on the stock because it goes out of date. I have created a poster which shows the ways that Sainsbury's uses its information to increase it's profits.
https://drive.google.com/file/d/0B7ZemmqjP5xfazFTRE1RWkNEaVk/edit?usp=sharing
https://drive.google.com/file/d/0B7ZemmqjP5xfazFTRE1RWkNEaVk/edit?usp=sharing
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