What Is The Importance Of Information System In An Organisation? Your company needs records of its activities for financial and regulatory purposes as well as for finding the causes of problems and taking corrective action. The information system stores documents and revision histories, communication records and operational data. What is the importance of information systems
What Are Some Functions Of Information Systems? Information systems allow users to collect, store, organize and distribute data—functions that can serve a variety of purposes for companies. Many businesses use their information systems to manage resources and improve efficiency. And some rely on information systems to compete in global markets. What are the 5 functions
Can Economies Of Scope And Scale Be Related? Can economies of scope and scale be related? Economies of scope are all about increasing the varieties of production. Economies of scale help a company look at the average cost per unit and gradually increase the quantity until this cost reaches a minimum. Economies of scope are