Question: a)Explain the difference between an ERP and an AIS? b)A small business operates from home, producing children's clothing. They currently sell their product through local

a)Explain the difference between an ERP and an AIS?

b)A small business operates from home, producing children's clothing. They currently sell their product through local retail shops in the same city only. As well as continuing to sell in local shops, they decide to start selling their product online in an e-commerce solution, what implications will this have for the pricing of the product and profit margins per sale?

d)AIS (accounting information systems) use both data and information. What is an example of data and an example of information in an accounting context.

e)What is data analytics useful for in a business context?

f)Give 2 reasons why a business might want to introduce a data warehouse?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!