Martin James, owner of Melbourne well-known retail chain used the conventional method of recording transactions on paper, now with the view of expanding business wants to know the details of customers, vendors, profits earned in the past, future estimated profit-earning capacity, details of working capital engaged in its business but is not in a position to predict same due to manual-based accounting principles.

Required:

Help him understanding the concepts and investment in a database. Also Explain to him the advantages and disadvantages of different types of databases.

Answer rating: 100% (QA)

Martin James needs to invest in a database to manage his expanding business and gain insights into his companys financial data A database is a structu... View the full answer