COMPUTER APPLICATIONS
E COMMERCE AND E BUSINESS APPLICATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Prior to the Internet Resolution, most businesses produced their product components in-house. Now they depend on many vendors to supply their component parts. Which term describes this?
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Dependability
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Integration
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Intermeditation
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Out-sourcing
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Explanation:
Detailed explanation-1: -Procurement can be referred to as the range of activities undertaken by businesses in obtaining goods and services. While procurement generally refers to the final stage of purchasing, it can also include the entire procurement process overall.
Detailed explanation-2: -INTEGRATION. Integration starts at your strategic planning phase and is critical throughout your communications and information sharing and data analysis and storage. OPERATIONS. PURCHASING. DISTRIBUTION.
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