Information Technology Can Help Firms ________ the Cost of Market

question 84

Short Answer

Information technology can help firms ________ the cost of market participation making it worthwhile for firms to contract with external suppliers instead of using internal sources.

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Definitions:

Population

The total number of individuals inhabiting a particular territory or area.

Asians/Pacific Islanders

Individuals of Asian or Pacific Islander descent, often referring to a diverse group of people from the Asian continent and the Pacific islands of Melanesia, Micronesia, and Polynesia.

Acquiring Material

The process of obtaining resources or information necessary for a specific purpose or project.

First Nations People

Indigenous peoples in Canada, recognized as the original inhabitants of the country.