Today Each of Us Can Communicate Information Across Huge Numbers

question 37

Multiple Choice

Today each of us can communicate information across huge numbers of people and are witnessing revolutions that profoundly change our lives. This newest revolution is called:

• A) B2B commerce.
• B) M2M
• C) horizontal flow.
• D) B2C commerce.

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Definitions:

Relationships

Connections or interactions between individuals or organizations that influence business operations and outcomes.

Production Economies

Advantages that result from efficiency improvements in the production process, often achieved through increased scale, technology advancements, or optimized resource allocation.

Demand Aggregation

A strategy that combines product or service demands from different sources to get better prices or terms from suppliers.

Offshoring

The practice of relocating business processes or production to another country to reduce costs or take advantage of favorable conditions.