P1 Unit 4 Business Information Analysis

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Task 1 (P1)
Explain how organisations use information.
Type of Information
Qualitative: This is different to quantitative due to the fact that first this can provide question which can be given multiple choice responses for the user to be able to answer.
Quantitative: Is data that can be measured using numerals a good example is a tally which at the end the total numbers are show in numerical figures.
Primary: This is information that is gotten from the organization itself there are many ways that this could be achieved for example using surveys, interviews and so on.
Secondary: This is information gotten from different sources for example this information could be obtained through the internet or perhaps from a newspaper etc.
Purpose of information
Operational: This is …show more content…

Making sure that the information and data being kept in the business is made relevant and valid is a way that a business could improve the quality of its information this means checking the sources and comparing with various others to make sure that the information is correct as if the information was found to be false information then the quality of information in the business would be less reliable.
Having the business know what the purpose of the information is another way if you have specific details of what and why the information is needed then you can get an overview of the type of information required for example if a business asks you to gather information on computers then you know that you know not to gather information about something else only information that is related to computers would be gathered.
Also making sure that the sources that the information is being gotten from is reliable you would want to gather information from sources that are trustworthy not a source like Wikipedia which anyone is able to write and edit information which could result in the information not being

In this essay, the author

  • Explains that qualitative and quantitative data can be measured using numerals. primary, secondary, and third-party sources provide information.
  • Explains how business activities are monitored to make decisions to keep the business running efficiently. information can be used to gain a competitive advantage to other businesses.
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