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Explain How the Five Components of an Information System Are

question 33

Essay

Explain how the five components of an information system are arranged in terms of ease of change and organizational disruption.


Definitions:

Product Diversity

The range of different products or services offered by a company or available in a market.

Monopolistic Competition

Monopolistic competition is a market structure characterized by many firms offering differentiated products or services, with some degree of market power due to product differentiation.

Offset Inefficiency

A situation where the costs of implementing a policy or project exceed the benefits, leading to suboptimal outcomes or wasted resources.

Barriers To Entry

Obstacles that make it difficult for new competitors to enter a market.

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