What Is the Role of Information and Information Technology in Managing

question 62

Essay

What is the role of information and information technology in managing the supply chain?

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Definitions:

Horizontal Change

A term that does not have a standard definition in economics; it might be a misinterpretation or miscommunication of a concept. NO.

Vertical Change

A movement along the y-axis in a graph, which in economic terms can represent changes in price or quantity depending on the context.

Independent Variable

is a variable in an experiment or study that is manipulated by the researcher to observe its effect on the dependent variable, determining cause-and-effect relationships.

Dependent Variable

In statistics and research, it refers to the variable being tested and measured, assumed to depend on one or more independent variables.