Final answer:
E-business is a key driver in the widespread adoption of global information systems, leading to increased globalization and market competition. Advances in technology have transformed the landscape for consumers and companies, enabling widespread interaction and competition across international borders. This has brought about a significant debate on the future structure and size of firms in this technologically advanced and globalized market.
Step-by-step explanation:
E-business is a major factor in the widespread use of global information systems. The improvement and proliferation of communications technologies, such as the internet, have led to an increase in global interactions and commerce. This surge in globalization and technology allows consumers to make purchases from around the world, intensifying competition among local and international businesses. Moreover, business-to-business (B2B) online platforms have enabled companies to connect and trade on a global scale. This shift has been transformative, not only in how markets are defined but also in the opportunities and challenges faced by both small and large firms.
International trade and the interchange of ideas are facilitated by advancements in telecommunications infrastructure, contributing to the further integration of global economies. This changing landscape presents a continuous debate regarding the future of companies' sizes. Whether technological advancements will lead to a multitude of smaller businesses successfully reaching beyond their immediate locale, or result in a few dominant firms, is a question of great interest and remains to be seen. The impact of new information technologies like the Internet, GPS, and GIS is profound, altering the business environment and the very nature of how companies operate and compete.