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From your own knowledge or background,discuss and describe three important applications of data communication networks for strategic,competitive advantage in business use.Give examples of three real world firms who have used networks for competitive advantage in the marketplace and discuss why these networks contributed to their expertise or competitive advantage.
Government Transfer Payments
Money payments made by the government to individuals without any goods or services being exchanged, intended to redistribute income and support welfare.
Wages
Compensation paid to employees for their labor, usually in the form of money, and typically on an hourly, daily, or piecework basis.
Salaries
Fixed regular payments, typically on a monthly or biweekly basis, made by an employer to an employee, excluding overtime or bonuses.
Welfare Reform Act
Legislation aimed at changing the welfare system, often by imposing work requirements and limiting the duration of benefits to encourage employment.
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