________ Are Logistics Information Systems That Initiate and Control the Movement

question 14

Essay

________ are logistics information systems that initiate and control the movement of materials between supply chain partners.

Recognize the role of computers in networking and communication.

Understand the benefits and considerations in upgrading computer systems.

Know the basic concepts of data storage and the importance of disaster recovery plans in computing.

Understand key security measures to protect computer systems.

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Definitions:

Consumer Surplus

The disparity in what consumers are willing to invest in a good or service compared to what they eventually invest.

Demand Shifts

Occur when external factors lead to a change in the amount of a product or service that consumers are willing and able to buy at a given price, resulting in the demand curve moving rightward or leftward.

New Equilibrium

The point at which market supply and demand balance each other, and, as a result, prices become stable following a disturbance.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, measured above the supply curve.