ML0013-Retail IT Management

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ASSIGNMENT

DRIVE	FALL 2015
PROGRAM	MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDROMN (SEM 1)
SUBJECT CODE & NAME	ML0013-Retail IT Management
BK ID	B 1764
CREDIT & MARKS	4 Credits, 60 marks

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q. 1. Elaborate the advantages and disadvantages of online retailing.

Answer:The business of a retailer is to buy items in large quantities to take advantage of lower costs and then sell the items in smaller quantities with a profit mark-up. Retailers act as middlemen between the manufacturer or the wholesaler, and the customer who buys the good. There are advantages to being a large-scale retailer such as supermarket, superstore or hypermarket, but there are also some disadvantages.

Advantages

Economies of scale: Economies of scale occur when the output of the business increases at a faster pace than costs. Businesses enjoy benefits due to their size.

Q. 2. Briefly explain different types of information systems.

Answer:An Information System (IS) is a system composed of people and computers that processes or interprets information. The term is also sometimes used in more restricted senses to refer to only the software used to run a computerized database or to refer to only a computer system.

There are various types of information systems, for example: transaction processing systems, decision support systems, knowledge management systems, learning management systems, database management systems, and office information

Q. 3. Explain Strategic Information system (SIS) in detail.

Answer:Strategic systems are information systems that are developed in response to corporate business initiative. They are intended to give competitive advantage to the organization. They may deliver a product or service that is at a lower cost, that is differentiated, that focuses on a particular market segment, or is innovative.

Strategic information management is a salient feature in the world of information technology (IT). In a nutshell, strategic information management helps businesses and organizations categorize, store, process and transfer the information they create and receive. It also offers tools for helping companies apply metrics and analytical tools to their information repositories, allowing them to recognize opportunities for growth and pinpoint ways to

Q. 4. “Information systems are prone to various threats”. What are the possible threats to information security? Explain in detail.

Answer:There are many information security threats that we need to be constantly aware of and protect against in order to ensure our sensitive information remains secure. This article details 12 different information security threats that are commonly found, together with some preventative measures that can be taken.

Unauthorized Access – Enter at your own risk

Q. 5. Describe the standards of The Association for Retail Technology Standards.

Answer:The Association for Retail Technology Standards (ARTS) is an internationally reaching standards organization dedicated to reducing the costs of technology through standards. ARTS is a worldwide community of retail business, information technology professionals and analysts organized to help retail enterprises and solution providers identify, adopt and integrate current and emerging information technology and innovation into their organizations, strategies and operations.Since 1993, ARTS has been delivering application standards exclusively to the retail industry. ARTS has four standards: The Standard

Q. 6. Write short notes on:

a)Barcode Technology: Barcode technology works of off a principle called symbology. Symbology at its basic form is what defines the barcode; it determines the mapping and interpretation of the encoded information or data. This encoding allows the scanning device to know when a digit or character starts and when it stops, similar to a binary representation. We recognize barcodes as an array of parallel lines alternating between white and black lines. Barcode technology provides a simple and inexpensive method of recording data or information in a number of applications.

b) Radio Frequency Identification Technology(RFID): Radio-frequency identification (RFID) is the wireless use of electromagnetic fields to transfer data, for the purposes of automatically identifying and tracking tags attached to objects. The tags contain electronically stored information. Some tags are powered by electromagnetic induction from magnetic fields produced near the reader. Some types collect energy from the interrogating radio

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )