Cost savings can be computerized accounting programs reduce staff time doing accounts and reduce audit expenses as records are neat, up-to-date and accurate. This system allows them to record business transactions accurately and generate financial reports quickly for management review. However if Rumble carry less transactions this means they won’t need to have computerised accounting system because it is very expensive for them to use. In this case it is best for them to have manual accounting system because it is reliable, cheap and easy to use. They can easily do their transaction without problems.
Costco Wholesale Corporation Part II Costco Wholesale Corporation is an extremely competitive industry. The following writing will discuss the financial health, technological advantages, globalization, and conducting benchmarking analysis in comparison to Wal-Mart and Target Corporation. To manage financial statements efficiently is by means of income statement, balance sheet, and cash flow. The technology has advance and made developments through the year, technological advantage in Costco Company is helping the progress for success. Globalization is the key to survival that allow to a company to be competitive and offer diverse services and convenience to consumers.
He or she is then able to produce spontaneously GAAP-based financial statements. An advantage to electronic working papers is that many of them are compatible with Microsoft Office products that most clients use. Groupware allows an auditor to collaborate with others quickly and in real-time by electronically sharing audit schedules, calendars, and files. One example of groupware is Microsoft SharePoint Services. Another function of audit productivity software is that of time and billing.
This means that the TNC can pay workers less, not worry about providing good working conditions. All of these factors greatly benefit TNCs because they can produce their products or components for a fraction of a price that they would have to pay in their country of origin. Another thing that has enabled companies to spread out over the globe is the fact that global communications and travel has improved. Emails make it much easier to communicate with colleagues in other countries and not have to worry about time differences. Satellite links have allowed people to have video meetings even if the people taking part are miles apart.
Moreover, the product doesn’t require subscribers to have knowledge of a particular system or spend lots of time on obtaining data. Low Developing Cost – The Company reached an agreement with Telerate System that no page rental cost for the initial testing product in Phase. Moreover, the company can obtain customer list from Telerate System’s current subscribers, which is a substantial customer base for
They have a really persistent way of doing business that has given them a great advantage to prosper. A firm buying strategy and a extremely sophisticated database is the Leverage they have over other stores similar to them in the industry. Their company structure and systems theory has been a great guideline for other organizations to follow. They laid out a strategic plan for their organizational structure and it has proven to be very successful with their systems theory. They have a plethora of business associates, and consider themselves leaders in the customer service business.
Secondary Research is when the data and information has already been collected. This helps businesses because it’s an easy and quick process of gathering the information/ data. The advantage of secondary research is that the information is easy to access and it’s a low cost process. A problem that occurs is the information may not be specific to the business purpose
Technology and communication go hand and hand these days. Technology provides instant communication at your finger tips. Using technology can keep you in touch with people across the globe and make it seem like they are sitting right beside you, it is fast and saves time and money. Working in the business world you need to know how to use technology like; the web, e-mails, word processing, PowerPoint and many others. Customer satisfaction is on the rise in the workplace, having good customer satisfaction will help you do more business.
{draw:g} 10/22/2009 {draw:frame} {draw:rect} Table of Contents Introduction Technology has become a thriving source of finance and communication throughout the world. The ability to integrate technology into every society will allow for all people to have equal advantages and abilities to have a part in this finance and communication. When you think about the kinds of technologies that would be integrated, don’t only think of the obvious technologies that U.S. citizen use every day, but also think about the ones that we have forgotten that mean every bit as much to us when they are taken away. An example of this would be electricity and the light bulb. The issue at hand currently has no international governing law.
This marketing tool has brought about many benefits to the promotion and sale of goods or services, because it is inexpensive and is a fast way to distribute information to a large audience globally. Internet marketing is a virtual interactive environment. Among many features, it has the capability to provide an instant response. Usually these marketing sites are well designed utilizing graphics, color, and multimedia to provide a strong visual appeal, and easy purchase process. Multiple links contains the management of digital consumer data and electronic customer relationships management systems such as customer 800 numbers and life chats.