Because of Technology and the Internet, the Use of Information

question 86

True/False

Because of technology and the Internet, the use of information by business managers has increased.

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Definitions:

Delivery Cycle Time

Delivery cycle time is the total time taken from when a customer order is placed until the product is delivered to the customer, encompassing order processing, manufacturing, and shipping phases.

Last Year's Margin

The difference between sales revenue and cost of goods sold from the previous financial year, typically expressed as a percentage of sales.

Division's Turnover

The total revenue generated by a specific division of a company within a given period.

Last Year's Turnover

The total sales or revenues generated by a company during the previous year.