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An organisation is reviewing its decision-making information systems and has asked you to recognize suitable assessment criteria for this review.
Value for money. Value for money offered by the information systems that make decision making information is a relevant criterion. Value for money is often expressed as the 3 Es - Economy, Efficiency and Effectiveness.
Cost. Ongoing cost of the existing system is obviously a important criterion especially when set against other factors like as other organisational investments.
Timeliness. Information must be given to decision-makers in sufficient time for it to be used in the decision-making process.
Relevance. Information requires to be relevant to the decision being made by decreasing uncertainty and enhancing knowledge about that decision.
A process in the industry where a wholesaler requests an amount that is the difference among the manufacturer's price to the wholesaler and the contract price to the resale custome
EIGHT STAGE PROCESS
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