Business Problem
Answer the following questions in a Microsoft Word document and save the file on your computer with your last name in the file.
• What are four major components of an information system?
• Apply Michael Porter's three strategies and the Five Forces Model for successfully competing in the marketplace to a new business and to an established business. How might the strategies differ?
• What are three differences between computer literacy and information literacy?
• What are two applications of transaction-processing systems?
• Provide one example of management information systems in the private sector and one in the public sector.
• What are two differences between data and information?
• Explain three applications of computers and information systems in the daily life of a college student.
• List three decisions that are supported by a HRIS, FIS, and LIS.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.