Define Management Information Systems

question 31

Essay

Define management information systems.What are the key elements of its definition?

---

Definitions:

Number

A mathematical object used to count, measure, and label.

Units

Basic quantities or measurements in various fields like sciences, mathematics, and economics used to express the magnitude or quantity of something.

Price Rises

An increase in the cost of goods or services over a period, often caused by factors such as inflation, increased demand, or higher costs of production.

Marginal Utility

The extra pleasure or benefit one gains from the consumption of one more unit of a product or service.