Disintermediation Involves Terminating the Relationship with a Supplier as a Result

question 64

True/False

Disintermediation involves terminating the relationship with a supplier as a result of repeated failures to meet performance expectations.

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Definitions:

Utility

A measure in economics of the satisfaction or benefit derived by consuming a product or service.

Total Utility

The total satisfaction or benefit derived by consuming a product or service; it increases as more units are consumed, up to a certain point.

Satisfaction

A measure of how products or services meet or surpass customer expectations.

Consumption

The use of goods and services by households or individuals, typically as it contributes to economic measures like GDP.