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1.Explain the purpose of MIS and give at least two applications where MIS can be used.
2.Identify and elaborate on ethical issues related to e-commerce. Give examples.
3. These are few advantages and disadvantages please expand on these points –
Advantages of ecommerce
Comfort- No need to get lined up in queue of supermarket and retail chains.
Price comparision- Using add-ins and extensions as well as inbuilt website features, consumers can compare prices of different products or same product on different websites.
E-xommerce players doesn’t have to invest in assets compared to regular commerce.
Discounts- Via various schemes, coupons,etc is available compared to bargaining from a retailer
Disadvantages
Lack of personal touch of the product. Hence no control over quality.
Security-Sharing personal and financial details on internet can be risky.
E commerce has to keep a robust reverse logistics network.
Expert Answer
MIS or management information system is a set of system that tells the managers certain information. This tool can be used to create reports and review that help managers conduct analysis and overviews. The reports are presented in a very simple, understandable format. The data presented by MIS is either financial or operational. MIS also allows the manager remote access like shipments and incoming shipments from a remote location. Usually a company can be divided in certain areas like finance, hr, marketing etc. Usually most of the areas have their own MIS. A Financial MIS could gather certain financial information related to the company and give infomation to the person required who could use this infomation to take certain decision on a daily basis. Some functionallity of marketing MIS could be market research, advertising and much more. Like these two there can be many more specific MIS.
