In Reintermediation, Steps Are Removed from the Value Chain as New

question 28

True/False

In reintermediation, steps are removed from the value chain as new players find ways to add value to the business process.

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Definitions:

Interdependence

A relationship between entities where each is mutually dependent on the other, often used to describe economic or ecological systems.

Acculturation

The process of adopting the cultural traits or social patterns of another group, especially by contact and interaction.

Diffusion of Responsibility

A sociopsychological phenomenon whereby a person is less likely to take responsibility for action or inaction when others are present.

Just-World Hypothesis

The belief that the world is fundamentally fair, leading people to rationalize an otherwise inexplicable injustice as deserved by the victim.