If You Have Made a Web Purchase Such as with Amazon.com

question 138

True/False

If you have made a Web purchase such as with Amazon.com you have experienced some of the functionality of a CRM system where the vendor keeps track of your name, address, and purchases.

---

Definitions:

Efficient Flow

The optimized movement of goods, information, and financial resources through a supply chain, aiming to reduce costs and improve speed without sacrificing quality.

Factor Endowment Theory

An economic theory that suggests a country's trade patterns are primarily determined by its factor endowments, such as land, labor, and capital, rather than its productivity levels.

Production Factors

Production factors, also known as factors of production, are the inputs needed for the creation of a good or service, usually categorized into land, labor, capital, and entrepreneurship.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to international trade.