The Internet reduces transaction costs in value chains and offers an efficient means of communication to anyone with an Internet connection.

Question

Quizplus · Accepted Answer

This statement is true. The use of the Internet can reduce transaction costs in value chains by eliminating the need for physical meetings, reducing paperwork, and enabling real-time communication between parties involved in the value chain. The Internet also provides a means of communication to anyone with an Internet connection, making it an efficient and accessible tool for businesses and individuals.

The Internet Reduces Transaction Costs in Value Chains and Offers