Modern Computing and Communication Technology Bring New ______________ and ______________

question 20

Short Answer

Modern computing and communication technology bring new ______________ and ______________ to managers of modern organizations.

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Definitions:

Supply

The total amount of a product or service that is available to consumers at a given price level.

Quantity Supplied

The volume of a commodity or service suppliers are prepared and able to market at a certain price.

Supply

The total amount of a good or service that is available for purchase at various price levels during a specified time period.

Demand and Supply

Demand and Supply are fundamental economic concepts representing the desire and ability to purchase goods and services and the amount of goods and services available for sale, respectively.