______________________________ Enable Suppliers to Put Their Products Online, Generally Feeding

question 108

Short Answer

______________________________ enable suppliers to put their products online, generally feeding into electronic catalogs that allow the buyer(s) to sort through alternatives from different suppliers and electronically place an order.

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Definitions:

Production

The process of creating goods or services by combining labor, materials, and capital.

Technological Improvement

The advancement or enhancement of technology, leading to increased efficiency, productivity, or quality in processes or products.

Wage Rates

The amount of compensation an employee receives from an employer in exchange for performing a specific job, typically expressed on an hourly basis.

Supply

The total amount of a specific good or service that is available to consumers, often influenced by price, production capabilities, and other market factors.