UNIT 26 P1 describe the characteristics and sour

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UNIT 26 P1 - describe the characteristics and sources of information that a selected organisation needs
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    UNIT 26 P1 - describe the characteristics and sources of information that a selected organisation needs

  • For P1, learners must examine how an organisation can obtain and use information. Information is the basis for successful decision making. It comes from internal and external sources. Information arises automatically from business transactions but it needs also to be sought from external sources. For it to be of any use to a manager, information must satisfy a number of criteria. Supermarkets gather information about the shopping habits of their customers.
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