Using the Internet to Manage the Value Chain Reduces the Costs

question 80

True/False

Using the Internet to manage the value chain reduces the costs of coordination both between the company and its customers and between the company and its suppliers.

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Definitions:

Standard Production Time

The amount of time that should reasonably be expected to manufacture a product under normal conditions.

Fringe Benefits

Additional benefits supplementing an employee's salary, such as health insurance, paid vacation, or a company car.

Freight Costs

Expenses incurred by a company to transport goods from one place to another.

Purchase Price

The amount of money paid to acquire a good, service, or asset.