How Do Businesses Use Decision Support Systems

question 155

Essay

How do businesses use decision support systems?
An interactive decision support system (DSS) helps managers make non-routine decisions by extracting, integrating, and displaying data from multiple sources.Managers, of course, must make the final decisions, but in making sense of the relevant data, the DSS makes the decision-making process easier and more reliable.

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Definitions:

Consulting Income

Earnings derived from providing expert advice to individuals or organizations in a specific field.

Local Business

A company that provides goods or services to a local population. It's often characterized by having a physical presence in a community.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenues.

Mortgage Interest

Interest paid on a loan secured by a mortgage on a home, often tax-deductible under certain conditions.