In: Operations Management
Book: Information Systems Today Managing In The Digital World 7th Editon
Answer should conform APA standards
Please answer each question
Chapter 1 – Managing in the Digital World
1-4. Describe how cloud computing can improve your personal productivity.
1-5. List and describe several reasons why companies are choosing to outsource business activities.
Chapter 2 – Gaining Competitive Advantage through Information Systems
2-1. Compare and contrast the characteristics of the operational, managerial, and executive levels of an organization.
2-6.What is freeconomics, and what are several approaches to applying its concept to various industries?
Chapter 3 – Managing the Information Systems Infrastructure and Services
3-3. Describe the key functions of system software.
3-5.What are the distinguishing characteristics of different storage media?
Chapter 4 – Enabling Business-to-Consumer Electronic Commerce
4-2.What are the primary forms of e-government? Provide examples for each.
4-7.What is the online consumer’s hierarchy of needs, and why is it important to e-tailers?
Chapter 5 – Enhancing Organizational Communication and Collaboration Using Social Media
5-1.What are virtual teams, and how do they help to improve an organization’s capabilities?
5-5. Why is social media an important factor for attracting and retaining employees?
Listed below are various factors that explains how cloud computing can improve the personal productivity.
Several reasons why companies are choosing to outsource business activities are as follows:
Below is the comparison and contrast of the characteristics of the operation, managerial, and executive levels of an organization.
Free economics or market is an idealized system in which the prices for goods and services are determined by the open market and consumers. The laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority. The concept on which free market lies are: Demand and supply: It is the economic model of how prices are determined in a market. Demand for goods refers to the pressure in the market from people trying to buy it. Consumers have a maximum price they are willing to pay for a good as opposed to the minimum price sellers have in order to offer it. Prices and the number of items that are adjusted based on the economic conditions at the time. In a free market, anyone has the freedom to enter, leave and take part in the market as they wish. A free market should also offer low barriers to entry. A free market does not need competition in order to exist but it should allow the chance for other players to join in. That means that the lack of barriers with little or no entry costs helps competition thrive in a free market economy.