1. Explain information system an integrated set of components for collecting, storing, and processing data and for providing information , knowledge, and digital products. Business firms and other organizations rely on information systems to carry out and manage their operations, interact with their customers and suppliers, and compete in the marketplace. Information systems are used to run interorganizational supply chains and electronic markets. 2. Explain the types of information and give example : qualitative Qualitative information is non numeric information based on the quality of an item or object. For example if you were testing water then you might say that the taste is either nice or not so nice. This would be very much based on opinion. When testing the quality of something and forming an opinion on it this can be known as qualitative information. Qualitative information might be collected by a restaurant based on what their customer thought of the taste of th