The Internet Reduces Transaction Costs in Value Chains and Offers

question 31

True/False

The Internet reduces transaction costs in value chains and offers an efficient means of communication to anyone with an Internet connection.

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Definitions:

Packaging Process

The operations involved in designing and producing packages for products, aimed at protecting and presenting the product effectively.

Non-value Added Activities

Tasks or processes that do not add any direct value or benefit to the product or service from the perspective of the customer.

Electrical Component

A device that participates in an electrical circuit, serving a specific function such as resistors or capacitors.

Root Cause Cost Driver

The underlying factor or activity that fundamentally causes a cost to occur within a business.