Monday, June 4, 2018

p2- Use of internet for different types of business activities

there are 4 types:

  1. Business Research

  2. Procurement

  3. Communication

  4. Promotion


Procurement

Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process. The process is used to ensure the buyer receives goods, services or works at the best possible price, when aspects such as quality, quantity, time, and location are compared

Communication

Business communication is information sharing between people within and outside an organization that is performed for the commercial benefit of the organization. It can also be defined as relaying of information within a business by its people

Promotion

in marketing, promotion refers to any type of marketing communication used to inform or persuade target audiences of the relative merits of a product, service, brand or issue. The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty. It is one of the basic elements of the market mix, which includes the four P's: price, product, promotion, and place

Business Research

Businesses use research to be competitive with the opponent at the same level or higher. It can provide valuable information on consumer buying habits, for example, giving data on attitudes to products and brands. Research is important for people who want to launch a startup, as it helps them have an idea to start the business,to estimate cost, set prizes and also to make research on competitor

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