The Text Discusses the Evolution of Business Through Five "Eras

question 148

Multiple Choice

The text discusses the evolution of business through five "eras." Which of the following is NOT one of these eras?

• A) Simple trade era
• B) Sales era
• C) Facilitator era
• D) Marketing department era
• E) Production era

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Definitions:

Electronic Ordering

The process of purchasing goods or services via electronic means, such as the internet or mobile applications.

Computerized Cash Register

An electronic device designed to handle sales transactions, equipped with the ability to store, process, and record sales data.

Supply Partnership

A strategic relationship between a supplier and a buyer aimed at improving efficiency, quality, and competitiveness.

Microprocessors

Integrated circuits that contain the basic functions of a central processing unit (CPU) of a computer, performing calculations and operations necessary to run software.