Explain the Different Types of Business Information, Their Sources and Purposes.

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Explain the different types of business information, their sources and purposes. Different types of information being used: | Explain Theory | Give an example of LTM using this type of information | What was the purpose of the information | What was the source of the information | Verbal | Verbal communication is the passing of information between people through using speech. | An example of verbal communication could be the finance department having a meeting to discuss future plans. | The purpose of this information could possibly be to ensure that London Transport Museum can communicate sales promotions successfully. | This source of information is an internal source in the finance department this is as they create the sales promotions and impose them. | Written | Written communication is the use of communication through words written down physically. | LTM can use written information when they are talking to their partners in different countries around the world. Another example could be them emailing other companies or schools to inform them about future plans and activities at the museum. | The purpose of this information would generally be to inform and educate people about future developments | This source of information is internal. Human Resources department looks after screening, recruiting and training job applicants and they know a lot regarding the London Transport Museum. Meaning that it is simply for them to offer the written information. | Onscreen | Onscreen information is communication which is displayed on a screen. For example TV screens. | Onscreen communication may be used when LTM have presentations or special exhibitions for example they may have video clips playing for visitors to look at as part of certain exhibitions. | The purpose of this is to offer support for activities and shows that are happening at London Transport

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