Using computers in the office has a number of advantages for almost any business of any size, including increased organization and more efficient business operation, particularly where sales, marketing and accounting are concerned, all of which can contribute to higher profit margins. Most businesses opt for the use of office computers and related technology as a result.Continue Reading
The amount of efficiency computers can bring to a business should not be underestimated. For a relatively low initial investment cost, a wide range of processes can be organized and automated. A business is also able to create and edit its own business documents as necessary, without having to rely on outsourcing.
Computers also enable a company to network, which leads to an efficient way to both store and transfer data. Software, such as Intuit, can provide automated invoicing, increasing the ease of accounting while keeping all financial information in an easy to access, centralized location.
Using such a network, many elements of a business can be streamlined, including customer feedback, sales orders, and so on. Additionally, computers allow a company to set up and manage a website in-house, which not only makes an excellent marketing tool and point of contact for a wider customer base, but also helps to drive sales from markets that may previously have been unreachable.Learn more about Computers & Hardware
According to the U.S. Small Business Administration, a business plan outline contains the following key sections: executive summary, company description, market analysis, organization and management, service or product line, marketing and sales, funding request and financial projections. The SBA website provides a useful guide for writing a business plan.Full Answer >
Segment margins are the total net loss and profit produced by a specific segment in a business. Tracking segment margins is useful for identifying which areas of business are performing well and which fall below expectation. Segments of business include product lines, specific store locations and subsidiaries.Full Answer >
The instruction cycle is the basic operation cycle of computers, and it is the time period during which the computer fetches an instruction and executes it. It consists of up to six phases, which are fetch instruction, decode instruction, evaluate address, fetch operand, execute and store results.Full Answer >
One advantage of wearable computers is that a user is in constant interaction with his computer, but a disadvantage is that these computers are heavy. As a user goes from place to place with his computer, it offers him flexibility to work from virtually anywhere. In addition to convenience, the device is not misplaced because it is always on the owner's body.Full Answer >