You work as an accounts officer in a supermarket in Accra. The supermarket has recently witnessed a dramatic growth in its customer base. Management has therefore decided to install a Transaction Processing System (TPS) to cater for this growth. State FIVE advantages that would accrue to the firm with this decision.

i) Time Saving: TPS can process large volumes of data within a short period of time.

ii) Operational Efficiency: TPS will facilitate the smooth operations of the supermarket and will provide the base for other internal information systems.

iii) Database Stability: TPS facilitates database stability in the sense that in the event of network failure, the information will be stored in the database and the transaction will continue when service is restored.

iv) Activity Tracking: TPS assists information system managers and staff to keep track of all activities and transactions of the company, such as sales and receipts.

v) Access to a Wider Market: TPS will enable the supermarket to access potential customers to buy the goods when linked to the internet.

vi) Time Sharing: TPS facilitates the sharing of the system and its properties among multiple users working on the same transaction at the same time.

vii) Back-up: TPS provides the basic building blocks for other systems in that it has a backup in case of system failure.