Using Information Systems to Streamline and Automate the Primary Activities

question 83

True/False

Using information systems to streamline and automate the primary activities of a manufacturing company value chain does not provide competitive advantage.

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Definitions:

Economic Model

An economic model is a simplified theoretical construct that represents economic processes, mechanisms, and variables to analyze and predict economic behaviors and outcomes.

Economic Model

Simplified representations of complex economic processes designed to help understand, explain, and predict economic phenomena.

Real Situation

Pertains to actual events or circumstances as they exist in reality, without hypothetical modifications.

Economic Models

Simplified versions of reality used by economists to understand and predict economic behavior and outcomes.