Business Proposal: Brick and Mortar Nostalgic Record label store

Business Proposal: Brick and Mortar Nostalgic Record label store
Table of Contents TOC \o "1-3" \h \z \u Introduction PAGEREF _Toc385052427 \h 3Types of information systems PAGEREF _Toc385052428 \h 3Transaction processing systems (TPS) PAGEREF _Toc385052429 \h 3Decision support system PAGEREF _Toc385052430 \h 3Expert Systems PAGEREF _Toc385052431 \h 3Office Information system PAGEREF _Toc385052432 \h 3Management Information System PAGEREF _Toc385052433 \h 3Table 1: PAGEREF _Toc385052434 \h 4Figure 1: PAGEREF _Toc385052435 \h 4Conclusion PAGEREF _Toc385052436 \h 4References PAGEREF _Toc385052437 \h 5
Introduction
For us to successfully venture into the record label business, we will need a capital of about $100,000. This will be used to purchase equipment that will be used in the business.
An information system can be defined as a set of softwares and hardwares designed to manage business environment and its components. Information systems assist in the conduct of a business and are vital in automating functions of a business unit. As such, information systems help reduce business operation costs and thus increasing the profits. There are different types of business information systems that have been used and proved to be well operational CITATION Lyn12 \l 1033 (Lynn, 2012).
We shall try to keep our costs to the minimum and track every transaction and to be able to do this will need several types of information systems.
Types of information systems
Transaction processing systems (TPS)
This is a type of information system that deals with recording of a business day-to-day transactions. In our business, the TPS will be employed in recording the names and type of business with our clients and suppliers CITATION Edm10 \l 1033 (Edmond, 2010).
Decision support sys...