Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Developing Business Information System Solutions - Essay Example

Comments (0) Cite this document
Developing Business Information System Solutions Contents Contents 2 Answer 1 3 Answer 2 4 Answer 3 5 Answer 4 6 Answer 5 7 References 8 Answer 1 A firm operating in a perfectly competitive market would break even at the point where the Marginal Cost cuts the Average Total Cost curve from below as in the above diagram…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Developing Business Information System Solutions
Read Text Preview

Extract of sample "Developing Business Information System Solutions"

Download file to see previous pages On the other hand in the market, Allocative Efficiency would be reached when the quantity demanded by the consumers equal the quantity supplied by the producer at a market price of Pm. It may be noted that this price is equal to the price at which the individual firm is supplying (Pindyck and Rubinfeld, 2001, p. 424). Here the quantity Q1 is the total quantity supplied by all the identical firms in the market producing homogeneous products. Due to technological progress all the firms modify their production process and may be supplying at a lower cost. Hence any firm that operates in this market has to keep up with the technological progress in order to meet the consumer demand and restrain from being driven out of the market due to competition. This phenomenon is Dynamic Efficiency that is achieved because all the firms continuously upgrade their technology of production. Answer 2 a) In a monopolistically competitive market there are a large number of producers each producing a differentiated product and the price and quantity produced is decided by the producers (price makers) entirely based on the cost of production. The demand curve faced by the firm in such a market is downward sloping because the firms can change its price independently. Now in the short run, equilibrium will be reached at a point where MR=MC i.e. at the price P1 the firm will supply the quantity q1 and the cost that will be incurred where the average cost curve cuts the line aq1 i.e. at the price p2. Therefore, the firm earns a super normal profit of p1p2ba which is depicted by the shaded area (Boyes and Melvin, 2012, p.168). In the long run, new firms enter in to the market. This makes the demand curve more elastic. Thus the price of the individuals firms come down eventually. This process continues till the point where all the firms only earn normal profits. At the point E equilibrium is achieved where the AC curve is tangent to the AR=D curve. The price at which the firm supplies is P* and the quantity is q*. Only normal profits are earned in the long run. b) Both in the long run and in the short run, efficiency is not achieved in monopolistic competition. Most firms produce with excess capacity in such a market i.e. output at which profit is maximised is less than the minimum AC output and hence productive efficiency is not achieved. Again the firm charges a P that is greater than MC as the demand curve faced is downward sloping. Hence Allocative Efficiency is not achieved. Answer 3 In a situation of a natural monopoly a particular firm operating in the market has such a cost advantage over the other firms that it is able to provide goods at a price that is much lower than what the other firms are offering. This drives the other firms out of the competition and the single firm remains with the monopolistic control of the market. A situation of natural monopoly is shown above. A monopolist would optimise at the point where MR=MC and would thus charge a very high price of Pm where market demand would be met. Now the perfectly competitive firm would reach equilibrium at the point where P=AR=MC. When the government fixes a price at Pfr, the monopolist is forced to charge a lower price and the firm breaks even at the point where ATC=AR. So if there was no regulation, the monopolist would produce much less and have more producers’ surplus (Hicks, 1939, p. 129). In this case the amount is much less. Answer 4 a) Externality is a situation in which the ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
(“Developing Business Information System Solutions Essay - 1”, n.d.)
Developing Business Information System Solutions Essay - 1. Retrieved from
(Developing Business Information System Solutions Essay - 1)
Developing Business Information System Solutions Essay - 1.
“Developing Business Information System Solutions Essay - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Developing Business Information System Solutions

Information System in business

... Exam Section Part Reflect briefly on the role of the user in successful deployment of an information system. What actions are required by the developers to engage with users? The actions are mentioned below: The developer can utilize users for beta testing The developer can perform installation testing by the users The developer can perform support services by the users. Distinguish between “e-Business” and “e-commerce.” Generally, ecommerce is defined by the following factors: Selling and Purchasing on the Internet Consumer retail purchases from different e-commerce based web sites However, e commerce can be categorized in to the following types of business that are conducted via Internet. This includes (Define E-business and E-commerce...
8 Pages (2000 words) Essay

Business information system

...? Business Information System Table of Contents Table of Contents 2 0 Introduction 3 2.0 Literature Review 3 3.0 Organizational Perspective 4 3 Contextual Facet 4 3.2 Policy Facet 4 3.3 Psychological Facet 4 3.4 Cultural Facet 5 3.5Industry Example 5 4.0 Managerial Perspective 5 4.1 Strategic & Technical Innovation 6 4.2 Financial Situation 6 4.3 Industry Example 6 5.0 Conclusion 7 References 8 1.0 Introduction Researchers have given effort to define success criterion for IT projects but in many cases they have failed to realize key deliverables. Information Technology (IT) projects fall short to deliver objectives due to different reasons such as lack of coordination among project team and lack of technical expertise required...
4 Pages (1000 words) Essay

Business information system

...?Business Information System Table of Contents Internet Vulnerabilities 4 Wireless Security Challenges 4 Malicious Software: Viruses, Worms, Trojan Horses, and Spyware 5 Hackers and Cybervandalism 5 Unintentional Threats 6 Device Loss 6 Temporary Hires 6 Deliberate Threats 7 Identity Theft 7 Data Theft 7 Virus 7 Worm 8 Phishing 8 Spear Phishing Attacks 8 Approach to mitigate these risks 9 Question 4: Define and contrast - risk acceptance, risk limitation, and risk transference. 9 Risk-avoidance, transference, acceptance, mitigation, deterrence 9 Bibliography Reference List: 14 Assignment – Part A Question 1: Identify and discuss the factors that are contributing to the increasing vulnerability of organizational information assets...
6 Pages (1500 words) Essay

Business Information System

He shall at all times order his conduct to safeguard the public interest and to the best of his ability uphold the reputation and dignity of the Profession".
2. Members shall ensure that they have got enough knowledge in the chosen fields and have proper understanding of relevant legislation, regulations and standards, and that they adhere to such requirements.
4. Members shall not disclose to a third party any confidential information acquired in the course of their professional practice, or use such information for personal gain or for the benefit of a third party without the prior written permission of the employer or client, or at the direction of a court of law.
5. Members shall act with integrity while deali...
18 Pages (4500 words) Essay

Business Information System Essay

A starting point for system design work is to establish what data processing is needed. The term data modeling is some times used to describe the technique of looking the system from data handling purposes.

One useful way of
7 Pages (1750 words) Essay

Business information system

... link. Here we renormalize data to increase the number of table. Increasing the number of tables improves retrieval time. So that data warehouse able to answer the quires with even large amount of data. Data warehouse life cycle is completely opposite to other software development life cycle (Inmon 1991). References 1. Inmon, (1995). Tech Topic: What is a Data Warehouse? Prism Solutions. Volume 1. 2. Kimball, Ralph and Ross. (2002). Margy. The Data Warehouse Toolkit Second Edition John Wiley and Sons, Inc. ISBN 0-471-20024-7...
2 Pages (500 words) Essay

Information system in business

... Information System in Business It is wise for an investor to invest either in Australian Foundation Investment Company (AFIC) or in Argo Investments. This is because the two companies perform well in the Australian Securities Exchange. Australian Foundation Investment Company specializes in investing in Australian equities. This company has been in the investment business for a period of 80 years. In June 2011, Australian Foundation Investment Company had a market capitalization of approximate $ 4.49 billion. Argo Investment Limited has varied portfolio of shares and securities in Australia. The company prides in large number of shareholders. Argo Investment Limited has more than 68, 000 shareholders. The company attaches the huge number...
2 Pages (500 words) Essay

Solutions problem of computer information system

... 10TH April COMPUTER Information Systems Major functions of COMPUTERS -Input -Processing –Output –Data storage 2. Software -This is a collection of COMPUTER data and instructions that provide functionality 3. Operating system It is set of integrated software components that aid management and control of hardware and software resources in a computer system. Types are OSX, UNIX and Linux. 4 a. Types of system software and different types - Shell - A program that handles the interaction between a COMPUTER kernel and the possible user. -Utility software – Programs that offer the maintenance and performance evaluation tools for a computer system -Loader- It is a built in computer system component that aids in loading an operating system...
2 Pages (500 words) Assignment

Business information system

... Business information System Various qualities exhibited by high school would warrant a to recruitthem. In essence, the qualities must be positive in both academic and co-curriculum activities. The data that recruiters would gather in the process can be simple, for example; age and sex of the recruits, or it can be detailed, taking into account; academic performance and IQ. Before recruiting, the recruiters ought to set the parameters that will determine the threshold of the qualities they wish to capture from the recruits (Arthur 24). The following are examples of data that would be captured; date of birth, the year that the student commenced and completed their high school education, the units and courses that were taken by the student...
2 Pages (500 words) Essay

Business information system

... officials Use 1: Formulate strategies and monitor the existing strategies to help develop the demography Source: (DGBAS, 2013) Instance Illustratively, a good example of business information system in accumulation with census information system is Harris Corporation, which had established computer enable census system, which on the wireless technique with latest secure and GPS machineries. This computer system will able to provide 140,000 censuses sample that supported the 2010 census in US. Furthermore, this computer system benefited the respondent to put data on real time basis, which significantly transmit the back into the hand of Census Bureau, with higher accuracy in a very economical manner (Harris, 2014). 2. External Description...
4 Pages (1000 words) Admission/Application Essay

Developing a Research Base for Intravenous Peripheral Cannula Resites

...Context of the Paper To begin with, the of the paper is very much apt for the content. Although the could have come up with a more direct title, the title “Developing a Research base for Intravenous Peripheral cannula re-sites. A randomized controlled trial” captures the essence of the paper and what the authors aim to address. They, however, could have made it more direct to the point by maybe saying that the study is about a comparison between 3 day cannula re-sites and cannula re-sites as dictated by clinical condition. Nonetheless, the chosen t title is suitable enough to briefly inform the reader of the topic of the research. Two hypotheses were tested in this paper. There are two groups that were compared in the paper...
6 Pages (1500 words) Case Study

Microprocessor System and Application

In a computer, a processor commonly involves one or more microprocessors (also acknowledged as chips), which are silvers of silicon or other substance stamped with many little electronic circuits. To perform operations on data, the computer passes electricity all the way through circuits to execute an instruction (Norton 2001.p. 5). The innovation in technology has brought a lot of facilities for us. We have better ways of life and all the facilities regarding better production and domestic tasks. Such as in the industrial production we have automatic robots that are welding, packing, moving and carrying out several other development-related tasks. These robots are pre-programmed and microprocessors based chips are controlling all...
6 Pages (1500 words) Assignment

Structure of the Educational System in Morocco and Its Capacity for Addressing the Needs of the Hospitality Industry

... insights (Ministry of Tourism, Government of Morocco, 2009, “Key Figures” and “Observatory of Tourism”). It is important to understand that publications related to a detailed analysis of the quality and capacity of the education system in Morocco to cater for the requirements of the 2010 Vision for the country are scarce. Thus, it was necessary to use lateral thinking and comparisons to gain insights about the challenge for workforce training and development for the hospitality and tourism sector in Morocco. However, detailed information about the education system in Morocco is available, together with publications about skills requirements for hospitality and tourism occupations, capacity building for education and quality enhancement...
15 Pages (3750 words) Research Proposal

Business Information Systems

...Club IT - Part Three of Phoenix BIS 219 Introduction to Business Information Systems Club IT – Part Three _________ _________ DATE ________ Table of Contents Table of Contents 2 Abstract 3 Overview 3 Business background 4 Current Technology Structure of Club IT 5 Problem Assessment 5 Club IT Business Goal and Strategy 6 Assessment of Needs 7 IT Solutions for Club IT 8 Decision Support Systems/ DSS 8 Customer Information System 8 Data Mining for Business Performance 9 Enterprise Resource Planning 10 Supply Chain Management 11 Customer Relationship Management 11 Conclusion 11 Bibliography 12 Abstract Club IT is a nightclub that is currently operating with the traditional technology structure. Club IT nightclub is most popular club in its...
8 Pages (2000 words) Case Study

Business Administration

... on a worldwide basis. In five years I see myself managing the technology department of an enterprise. I also want to lead the team of professionals in providing services to the clients with the help of the state-of-the-art technology infrastructure. Using the knowledge that I will obtain from the Information Systems & Management Department at the Warwick research department, which focuses in various settings and technical involvement, including the E-Business model and business knowledge along with the Finance Group research will help me make my contributions to the Warwick MBA Programme given my experiences within these fields. By becoming part of the Warwick MBA program will place me in a position where I will be able to help the faculty...
6 Pages (1500 words) Essay

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages (3000 words) Business Plan

The Main Threat to Small Business

When it comes to reliability factor big businesses are able to sustain because of their track record. Big businesses are able to pacify their customers using their past successful track records.
Nowadays most of the business opportunities and orders are posted online. This means that business providers need to be well integrated with supplier systems through online facilities. The infrastructure of the business model needs to be updated. But this is not an easy task for small businesses. E-based procurement is possible only with a well-maintained network on the internet. This requires a lot of financial and technical necessities which could not be supported by small businesses. On the other hand, Big businesses are well equip...
8 Pages (2000 words) Assignment

Business Sustainability and Society: Coca-Cola Company

For centuries, ethics has been a crucial and significant component of human societies that contributed enormously to the creation of norms and values through religious influences, as well as through the contribution of intellectuals and philosophers in society. Unfortunately, nowadays, it is an observation that individuals, organizations, and even nations have commenced overlooking the phenomenon of ethics in their practices, specifically in the business sector that has become the major stakeholder confronting criticisms related to ethical practices. Critics (Crane, pp. 23-29, 2007) argue that business ethics has now become a component limited to theoretical policies and frameworks of business organizations, and such principles an...
10 Pages (2500 words) Case Study

International Business: World Economic Forum and Davos 2010

While each force of globalization is important, the technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking applications possible are now being applied to development, healthcare, and society. Today mobile telephones are more like powerful computers that take care of many of the societal challenges facing both developed and developing countries (Evans, 2010). In Chile, new software enables weather information to farmers who can now make informed decisions on when and how to sow or harvest the crops. However, the fear or ignorance of cloud computing technology could harm the chances of the SMEs becomi...
7 Pages (1750 words) Coursework

Global Employee Information and Consultation: Replicating the European Model

A significant step to enhancing the employees’ right to information and consultation is the establishment of the European Works Council (EWC). The EWC Directive (94/45/EC) aims to improve cooperation in transnational companies and to allow trade unions to influence, at least indirectly, the decision-making of corporations (Lockwood and Williams). It requires community-scale undertakings and community-scale groups of undertaking to create this mechanism for regular consultation of the workforce. A ‘community-scale undertaking’ is one with at least 1,000 employees within the Member States and at least 150 employees in each of at least two Member States (Lewis and Sargeant).

An EWC is a forum that would a...
9 Pages (2250 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Developing Business Information System Solutions for FREE!

Contact Us