The Internet Is Changing the Very Nature of Many Industries

question 83

True/False

The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade-off between production standardization and flexibility.

---

Definitions:

Profits

The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.

Accommodative Strategy

A corporate social responsibility strategy that accepts social responsibility and tries to satisfy society’s basic ethical expectations.

Social Responsibility

The obligation of an organization to act in ways that benefit society at large, beyond its own interests.

Economic Responsibility

The obligation of organizations and individuals to make decisions that benefit the overall economy and society.