Information technology cannot help firms lower the cost of market participation making it worthwhile for firms to contract with external suppliers instead of using internal sources.

Question

Quizplus · Accepted Answer

Information technology can help firms lower the cost of market participation through a variety of methods such as automating processes, improving communication, and accessing global markets. This can make it more cost-effective for firms to contract with external suppliers rather than relying solely on internal sources.

Information Technology Cannot Help Firms Lower the Cost of Market