At the Implementation Stage,firms May Need to Dramatically Change Business

question 72

True/False

At the implementation stage,firms may need to dramatically change business processes to accommodate the changes an EC strategy brings.In those instances,business process reengineering (BPR)is usually necessary.

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Definitions:

Average Product

The output per unit of input, calculated by dividing total product by the quantity of input.

Labor

The physical and mental effort used in the production of goods and services.

Marginal Product

The increase in output that arises from an additional unit of input.

Nonlabor Resources

Resources used in the production process that do not involve human labor, such as capital, land, and raw materials.