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A Communication Network Shortens Product and Service Development Life Cycles

question 12

True/False

A communication network shortens product and service development life cycles and delivers information to those who need it faster and more efficiently.


Definitions:

Capitalism

A financial system in which commerce, business, and resources are primarily or wholly owned and managed by private individuals for monetary gain.

Socialism

A political and economic theory advocating for the means of production, distribution, and exchange to be owned or regulated by the community as a whole.

Manufacturing

The process of producing goods using labor, machines, tools, and chemical or biological processing or formulation.

Labor Force

The total number of people employed or seeking employment in a country or region.

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