The Internet Heightens the Threat of Substitutes Because It Creates

question 162

True/False

The Internet heightens the threat of substitutes because it creates new ways to accomplish the same task.

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Definitions:

Overhead Costs

Expenses related to the day-to-day running of a business that cannot be directly linked to a specific product or service.

Time Charge

A billing method where a service provider charges a client based on the amount of time spent on a particular task or project.

Time And Material Pricing

A pricing method where a project is billed based on the actual time spent and the materials used.

Body Shop

Typically refers to a repair shop specializing in the repair and finishing of automobile bodies.