The Text Describes Michael Porter's View of the Internet as Somewhat

question 74

Essay

The text describes Michael Porter's view of the Internet as somewhat negative.What negative influences does Porter see? Describe several positive influences the Internet has on business.Do these outweigh the negative influences?

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Definitions:

Materials

The substances or components used in the manufacturing of products or provision of services.

Assembly Department

This refers to the section of a manufacturing facility where products are assembled from individual parts or components.

Weighted-Average Method

A costing method that assigns costs to inventory based on the average cost of all similar items in the inventory.

Process Costing

An accounting method used to calculate the cost of a process or stage of production by dividing the total costs by the number of units produced, typically used in industries where identical products are produced.