Final answer:
The combination of sophisticated software and the Internet enables companies to improve communication and collaboration, streamline business processes, expand global reach, and enhance data analytics. So, the correct answer is 1) Improved communication and collaboration.
Step-by-step explanation:
The combination of sophisticated software and the Internet allows companies to achieve the following:
Improved communication and collaboration: The Internet enables employees to easily connect and share information, leading to better teamwork and decision-making.
Streamlined business processes: Software tools automate tasks, increasing efficiency and reducing errors.
Expanded global reach: The Internet allows companies to target customers worldwide, opening up new markets and opportunities.
Enhanced data analytics: Software can analyze large amounts of data, providing valuable insights for business strategy and decision-making.
Thus, the correct answer is 1) Improved communication and collaboration.