You are the operator of a small golf and ski shop (Sam’s Golf & Ski) that generates a profit of $70,000 on sales of $255,000 per year. You have been very successful with your 3-year-old business and have met all of your obligations on a timely basis. Your ultimate goal has been to rename your business Sam’s Sports Emporium (SSE) and carry most of the popular recreational sports items at multiple outlets within your state. You have been working on a business plan to present to the bank in order to secure funding and make your dream a reality. As part of your business plan, you need to address the information needs of your proposed business.1) identify the IS components needed for SSE. When you explain them, use terms SSE would use. Hint: What types of communication technology, software, hardware, dataprocedures, and people?2) how would perform an Industry Analysis on the sporting goods industry as a whole?Hint: Use Porter’s Five Forces to guide you.3) what competitive strategy you would use for SSE based on the Industry Analysis you write wrote about in #2.4)discuss systems needed for SSE. Hint: EES for accounting, etc.5) identify the databases needed for SSE and explain why they are needed. Hint: What type of DBMS? What kind of information would you keep in yourdatabase?6) identifying the methodology to use for developing the system(s) for SSE and justify your selection. Hint: Prototyping7) what type of system (functional or cross-functional) is needed and explain. Hint: Supply chain management, sales transactions updates, etc.8) That states what your company ethics policy is?Hint: What would you include in your company’s ethics policy?