The Impact of Computer on Business Transaction in Warri Metropolis

BACKGROUND OFF THE STUDY

Information is a critical resource in the operation and management of organization. The information should be accurate and timely vital for the effective performance of management function such a planning, organizing, leading and control. Therefore, for any organization to survive every competitive environment, it must consciously plan and implement a functional information system of which is the computer.

Computers have revolutionized every ones lives. They have changed the way people work, play, shop, and learn. According to Kurshan (2005), computer was earlier made to entertain but soon its application found a place in business and education. Today, computer is the major information technology and application has become a common language in the business world.

Kurshan (2005) view computers as an electronic machine that operate with a remarkable speed and reliability. In addition, they are unique with the ability to receive store and retrieve information and instruction that the user gives them.

Business usage of electronic computers continue to increase every year more firms, even the smallest ones are processing data electronically because of the advantages computer offers (Enueme 2004). In contrast to the organization of the industrial economy. The information economy represents a significance shift in the underlying business assumption.

The application of advance information technology to increase the effectiveness of the business between trading partners on its network, is now popularly known as electronic business (E. Business) we can classify them into electronic commerce. Electronic enterprise, electronic banking and electronic fund transfer. Electronic conferencing, electronic library etc (Onyeka 2004).

This computerization proves to be an effective means for modern business transaction, so as to handle information and improve the quality of service to their customers as well as implement cost effective operations and increased profit.

The computer technology is posed of abilities to enable it receive, process an output and this underscores its relevance and usage in modern business transaction. It can greatly enhance the processing and storage of all information relevance to decision – making.

In most supermarkets, items have a barcode. A label made up of columns of black lines. At the checkout, the barcode is passed over a barcode reader. A computer link to this machine check the barcode against a price list and send the result back to the cash register. This saves time a lot. Each price does not have to be keyed into the cash register and price tags don’t have to be put on each item (Louder Computer Training Institute, 2004).