1. internet and Productivity
... more effectively and gave them easier access in communicating with their costumers and partners. As a result, the manufacturing sector reduced potential customer-service costs and inventory management. IT and the Internet have broaden markets which have caused " positive feedback loops", because it costs so little to reach a new costumer or make a new connection. Thus, the bigger the network, the ... the costs of processing transactions. Second, it creates better supply-chain management. And third, it makes it possible to practically eliminate stock. Studies show that by purchasing over...
- Word Count: 881
- Approx Pages: 4
- Grade Level: Undergraduate