Disintermediation Occurs When Product or Service Producers Cut Out Intermediaries

question 51

True/False

Disintermediation occurs when product or service producers cut out intermediaries and sell directly to final buyers.

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Definitions:

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.

Semiconductors

Semiconductors are materials, such as silicon, which have electrical conductivity between that of a conductor and an insulator, used in a vast array of electronic circuits and devices.

Manufacturing Technologies

Innovations and methods in the manufacturing process that improve efficiency, productivity, and product quality.

Service-Oriented Jobs

Employment roles focused on providing intangible products, such as healthcare, education, financial services, and hospitality, to consumers or businesses.