Flashcards in Chapter 5: True/False Deck (12):
An artificial intelligence program is an example of hard technology.
The roots of CIMS began with numerical control machine tools
Flexible manufacturing systems consist of two or more computer-controlled machines linked by automated handling devices
CIMS is an example of soft technology
A return facilitator is defined as any entity – real or virtual – that coordinates and shares information between buyers and sellers.
The acronym ERP stands for enterprise resource planning.
The acronym ICT stands for Information and Communication Technology
Sustainability is a measure of the contribution margin required to deliver a good or service as the business grows and volumes increase.
On-line magazines have the potential to be infinitely scalable
Low scalability implies that serving additional customers requires high incremental variable costs
Each stage in the development of new technologies requires the operations area to excel at different competitive priorities.