Final answer:
An Information System is a combination of technology, people, and processes that work together to collect, store, process, and distribute information to support decision-making and other organizational activities.
The factors that consider the growth of Information Technology in Business include rapid advancements in technology, increased access to the internet, globalization and expansion of markets, changing consumer behavior and expectations, and enhanced communication and collaboration tools.
Step-by-step explanation:
a. What is Information System?
An Information System is a combination of technology, people, and processes that work together to collect, store, process, and distribute information to support decision-making and other organizational activities. It includes hardware, software, networks, databases, and procedures.
b. List five factors that consider the growth Information Technology in Business?
Rapid advancements in technology
Increased access to the internet
Globalization and expansion of markets
Changing consumer behavior and expectations
Enhanced communication and collaboration tools
c. What is Organization?
An organization is a group of people who work together to achieve common goals. It can be a business, government agency, non-profit organization, or any other entity that has a defined structure and purpose.
d. Abbreviate: ESS, MIS, DSS, and TPS
ESS: Executive Support SystemMIS: Management Information SystemDSS: Decision Support SystemTPS: Transaction Processing System
e. What is B2C? Explain.
B2C stands for Business-to-Consumer, which refers to the transactions and interactions between businesses and individual consumers. In B2C, businesses sell products or services directly to consumers, such as online shopping or retail stores.