ICT in Business and Commerce
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Title: ICT in Business and Commerce

Essay Details:

Subject: Business
Author: Viola R
Date: June 5, 2015
Level: University
Grade: A
Length: 2 / 457

Essay text:

They need information rather than supervision. Using ICT to Set up a Small Business Any business needs a phone and an answering machine. For about ?800+ a small business could also get: • Spreadsheet (Help set up business plan by calculating expected income and expenses. Perform “what if” queries to test the effect of raising or lowering prices). • Graphics (Create high quality commercial documents i.e. design logo, headed stationary, business cards etc.) • Word Processing (Design invoice stationary, send mailshots etc) • DTP (Design advertising, promotional material etc.) • Database (keep a mailing list) • Accounts • Fax (fax modem comes with most PCs) • Internet and Email (communication, online sales) ICT in Banking • Telephone/Internet Banking (consider the problems of bank closures in rural areas) • ATMs • Debit and Credit Cards • MICR • Direct Debit (salaries, bills etc...

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