GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a company may decide to use what they currently have and try to modify and improve their existing methods and systems to handle the risks in a more efficient manner
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once the impacts of the risks have been predicted, a company can attempt to minimize the harmful effects that risks bring and prepare to handle them in the best way possible
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consists of minimizing the effects of risks, improving existing business systems and investing in new resources
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employment laws, restrictions on trade, tax policies
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involves estimating the cost of the risk to the business if it occurs
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Detailed explanation-1: -Enterprise systems, also known as enterprise resource planning (ERP) systems solve this problem by providing a single information system for organization-wide coordination and integration of key business processes.
Detailed explanation-2: -A decision support system (DSS) is a computerized program used to support determinations, judgments, and courses of action in an organization or a business. A DSS sifts through and analyzes massive amounts of data, compiling comprehensive information that can be used to solve problems and in decision-making.
Detailed explanation-3: -Business process technology refers to the use of technology, such as software and systems, to automate, streamline, and optimize business processes. It helps organizations improve efficiency, reduce errors, and save time and resources on manual task completion.
Detailed explanation-4: -Organized data. A brilliant organization is vital for any company that is trying to be successful. Avoid any form of crisis. Storage of information. Easy decision making. You get a better perspective on the future of your business. Conclusion. 26-Apr-2018