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ITM Final Exam Questions & Answers 2024/2025

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ITM Final Exam Questions & Answers 2024/2025 Digital Firm - ANSWERSnearly all of the organizations significant business relationship with customers, suppliers and employees are digitally enabled Business Process - ANSWERSlogically related tasks and behaviours that organizations develop over time to produce specific business results the way work is organized, coordinated and focused to produce a valuable product/service Operational Excellence - ANSWERSbusinesses seek to continually improve the efficiency of their firm Business Model - ANSWERSdescribes how a company produces, delivers and sells a product or service to create wealth Information Technology - ANSWERSall of the hardware and software that a firm needs to use in order to achieve its business objectives Information System - ANSWERSset of interrelated components that collect, process, store and distribute information to support decisions Input - ANSWERScaptures or collects raw data from within the organization or from the external environment Processing - ANSWERSconverts raw data into a meaningful form Output - ANSWERStransfers the processed info to the people who use it

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