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Answer :
The given statement "according to the textbook, information is the lifeline of businesses." is true because information plays an integral role in allowing businesses to operate effectively and efficiently.
With information, businesses can identify areas of improvement, develop strategies to compete, develop new products and services, track customer feedback and preferences, make informed decisions, and stay ahead of the competition. Information also helps businesses keep up with changing trends and customer needs.
By using the right information, businesses can make informed decisions and stay ahead of the competition. Additionally, businesses can use information to monitor the performance of their operations and make informed decisions on future investments. Information also enables businesses to establish efficient customer service and support systems.
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