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Define and Compare Transaction-Processing, Operations Information Systems, and Decision Support

question 30

Essay

Define and compare transaction-processing, operations information systems, and decision support systems. How do these types of MIS relate to each other? Provide an example of when each type of MIS would be most applicable.


Definitions:

Territorial Evaluation

The process of assessing and analyzing the geographical areas or regions in which a business operates to determine market potential, competition, and customer demographics.

Performance Standards

Benchmarks or specific criteria used to measure and evaluate the effectiveness and efficiency of an employee's performance or a company's operations.

Market Audit

An in-depth and systematic examination of a market to understand its dynamics, trends, and opportunities.

Formal Route Designs

Predetermined, structured paths or plans designed for logistical purposes, often in the context of distribution or transportation.

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