The Internet Is Making It Faster and Easier for Organizational

question 248

True/False

The Internet is making it faster and easier for organizational buyers to use competitive bidding procedures.

---

Definitions:

Range of Output

The spectrum of production output levels within a manufacturing or production process, from minimum to maximum, based on capacity, demand, and resource availability.

Diseconomies of Scale

Phenomena that occur when a company or business grows so large that the costs per unit increase, leading to inefficiency and increased per-unit costs.

Large Business

A corporation or conglomerate with extensive operations, high revenue, and a significant number of employees.