Information Technology Refers to Computer-Based Tools Used to Support the Needs

question 26

True/False

Information technology refers to computer-based tools used to support the needs of an organization

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Definitions:

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and finally to the consumer.

Retailers

Retailers are businesses that sell goods or services directly to consumers, acting as the final link in the supply chain from manufacturers to consumers.

Consumers

Individuals or groups who purchase products or services for personal use rather than for manufacturing or resale.

Retail Partner

A business alliance between manufacturers and retail stores, where both parties work together to sell products to the end consumer, often involving special agreements or exclusive deals.