A virtual company:

A virtual company: a. uses the capabilities of other companies without being physically tied to those companies. b. uses Internet technology to maintain...

Network economics:

Network economics: a. applies the law of diminishing returns to communities of users. b. applies traditional economics to networked users. c. sees...

Benchmarking:

Benchmarking: a. compares the efficiency and effectiveness of your business processes against strict standards. b. allows industry participants to...

The value chain model:

The value chain model: a. categorizes five related advantages for adding value to a firm's products or services. b. sees the supply chain as the primary...

Internet technology:

Internet technology: a. makes it easy for rivals to compete on price alone. b. imposes a significant cost of entry, due to infrastructure requirements. c....

An organization is:

An organization is: a. a stable, formal social structure that takes resources from the environment and processes them to produce outputs. b. a formal,...

Business processes are collections of:

Business processes are collections of: a. informal practices and behaviors. b. formalized and documented practices. c. routines. d. rights and privileges. Answer:...