In Many Industries, Connectivity Means That Existing Channels Can Be

question 14

True/False

In many industries, connectivity means that existing channels can be bypassed by connecting buyers and suppliers directly.

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Definitions:

Operating Budgets

Detailed projections of income and expenses associated with the day-to-day operations of a business for a specific period, usually one year.

Allocate Resources

The process of distributing available resources, such as funds, materials, and labor, to specific tasks, projects, or departments within an organization.

Labour

The human effort, both physical and mental, used in the production process.

Fixed Budget

A budget that remains constant, regardless of changes in business activity levels.