For what purpose is IT used in business ?
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The purpose of a business is to offer value (through products and/or services) to customers, who pay for the value with cash or equivalents. Minimally, the money received should fund the costs of operating the business as well as provide for the life needs of the proprietor.
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Examples of the use of IT in business include: Storing information about products such as stock control using sophisticated databases. Making business calculations such as costing and profit calculations using spreadsheets.
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