Organizations Are Putting Less Emphasis on Information Technology to Help

question 17

True/False

Organizations are putting less emphasis on information technology to help them become more competitive, innovative, and adaptive, relying more on supply chain innovations.

Understand the concept of movement along versus shifts in the demand curve.

Identify the effects of complementary and substitute goods on demand.

Recognize how a change in the number of consumers affects market demand.

Understand how changes in consumer income affect demand for goods.

---

Definitions:

Antitrust Enforcement

Government activities aimed at preventing anti-competitive practices, mergers, and monopolies to promote fair competition.

Market Power

The ability of a company or group to manipulate the price of an item in the market by controlling its supply, demand, or both.

Vertical Relationships

Business arrangements or transactions between companies that operate at different levels within the same supply chain.

Horizontal Contracts

Agreements between firms or entities at the same level in the supply chain, often to coordinate strategies or manage joint ventures.