Tag: emerging modes of services

Questions Related to emerging modes of services

An IT operation success is in terms of :

  1. Technological value added to the organisation

  2. Its impact on other business processes and business units

  3. Decreased costs and increased revenue

  4. All of the above


Correct Option: D
Explanation:

An IT operation success is in terms of:-

1) Technological value added to the organization.

2) Its impact on other business processes and business units:-

business process is a collection of related, structured activities or tasks that in a specific sequence produces a service or product for a particular customer or customers. A business process may often be visualized as a flowchart of a sequence of activities with interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process. The benefits of using business processes include improved customer satisfaction and improved agility for reacting to rapid market change.

3) Decreased costs and increased revenue

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.

Reducing costs increases profitability, but only if sales price and number of sales remain constant. If cost reductions result in a lowering of the quality of the company's products, then the company may be forced to reduce prices to maintain the same level of sales. 


 

Which of the following is a way of Electronic payment ?

  1. Digital token

  2. Credit card

  3. Small card

  4. All of these


Correct Option: D
Explanation:

Digital token, credit card, small card are a way of electronic payment 

An e-payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash. It's also called an electronic payment system or online payment system.

 

The digital token based payment system is a new form of electronic payment system which is based on electronic tokens rather than e-cheque or e-cash. Electronic payment system is a way of paying for a goods or services electronically, instead of using cash or a check, in person or by mail.

 

A credit card is different from a debit card in that it does not remove money from the user's account after every transaction.