New Technology Can Easily Sort Through Customer Purchasing Patterns to Create

question 93

Short Answer

New technology can easily sort through customer purchasing patterns to create personalized site content.This is called ______________ and Amazon.com was the first company to use it commercially.

Understand different types of trust and their foundation within team dynamics.

Recognize the beneficial and negative impacts of conflict within teams and organizations.

Understand and compute material quantity and price variances.

Understand and compute labor quantity, price, and total variances.

---

Definitions:

Specialization

The focus of a business, region, or individual on producing a limited range of goods or services to gain greater efficiency and productivity.

Eighteenth-Century

A period in history ranging from the year 1701 to 1800, characterized by significant developments in politics, philosophy, science, and arts.

Pin Factory

A classic example used by Adam Smith to describe the benefits of specialization and division of labor.

The Wealth of Nations

A seminal book by Adam Smith that lays the foundations of classical economics and discusses the division of labor, productivity, and free markets.