Not Only Does Internet Technology Speed Up the Order Management

question 31

True/False

Not only does Internet technology speed up the order management process, it increases the velocity of cash back to the selling organization, which is a significant benefit.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.

Exponentiation

A mathematical operation involving two numbers, the base and the exponent, indicating how many times the base is multiplied by itself.

Principle Amount

The original sum of money borrowed in a loan or put into an investment.

Time

A continuous, measurable quantity in which events occur in a sequence from the past through the present to the future.