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Transaction Processing System

Transaction Processing System (TPS) Transaction processing systems (TPS) are the basic business systems that serve the operational level of the organization. A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business. Operation information is concerned with daily routine tasks and activities. Taking orders, paying bills, selling products, clearing cheques etc. are the daily activities performed in different organizations. Organizations need information system to streamline these daily routine tasks. The information system used in this level of management is termed as Transaction Processing Systems (TPS). TPS is used to collect data that are produced on daily basis from the routine works. It has user interface, i.e., form with fields to input data to the system. It enables to store and arrange data in the format which can be processed by other information system easily. More than 90% of ...
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what is interpersonal communication

WHAT IS INTERPERSONAL COMMUNICATION ? Interpersonal communication is the communication that takes place between individuals who have a relationship between them. It is the process of face-to-face exchange of thoughts, ideas, feelings and emotions between two or more people. This includes both verbal and nonverbal elements of personal interaction. INTERPERSONAL SKILLS Interpersonal skills are traits you rely on when you interact and communicate with others. They cover a variety of scenarios where communication and cooperation are essential. These skills involve the ability to communicate and build relationships with others. Often called people skills , they tend to incorporate both your innate personality traits and how you’ve learned to handle certain social situations. Effective interpersonal skills can help you during the job interview process and can have a positive impact on your career advancement. Some examples of interpersonal skills i...
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Effective business planning

\ Effective business planning can determine the success of your business. A business plan can help you secure finance, priorities your efforts and evaluate opportunities . The benefits of effective business plan pay off in the long-term. It may initially seem like a lot of work but it can save your time and money. WHAT SHOULD YOUR BUSINESS PLAN INCLUDES? There is no rule regarding what contents should be the part of your business plan. However in majority of the business plan following contents are at least covered: 1.      Vision, mission and goals 2.      Market research 3.      Operational strategy 4.      Product or product portfolio 5.      Marketing plan 6.      Financial strategy       7.      Business profile                 ...
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