_______ Means Removing Human Minds and Hands from an Organization's

question 50

Multiple Choice

_______ means removing human minds and hands from an organization's most routine tasks and replacing them with computers and networks.

• A) Using the Internet
• B) Outsourcing
• C) Digitization
• D) Coordination

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Definitions:

Price Cut

A reduction in the selling price of goods or services, often to attract more customers or boost sales.

Consumers Spend

The total amount of money expended by consumers on goods and services within a specific time period.

Total Revenue

The total receipts a firm obtains from the sale of goods or services, calculated as the quantity sold multiplied by the price.

Declines

Situations where quantities, values, or levels decrease over a period.