Because of the Internet and E-Commerce, All Parts of the Value

question 75

True/False

Because of the Internet and e-commerce, all parts of the value chain can immediately know and react to changes in demand and supply. Thus, tight integration of the components of the value chain is no longer required.

---

Definitions:

Consumer Price Index

An index measuring the change in the price level of a basket of consumer goods and services purchased by households.

Scatterplot

A type of graph in which the values of two variables are plotted along two axes, the pattern of the points revealing any correlations.

Log

The logarithm function, which is the inverse operation of exponentiation, used in many fields to transform data for analysis or to solve exponential equations.

Relative Cost

An assessment of cost in relation to another item's cost, providing a basis for comparison and decision-making.