Last week Paul, CEO of Quality Furniture in South Carolina, traveled to Europe to visit customers. While overseas, Paul checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly. After visiting the last customer Friday morning, Paul was able to return to the corporate office in South Carolina to meet with his board of directors that night. _______ is the "shrinking" of time and space with air travel and electronic media.
A. the intranet
B. synergy
C. the small-world philosophy
D. e-commerce
E. the global village
E. the global village
Global village refers to the "shrinking" of time and space as air travel and the electronic media have made it easier for the people around the globe to communicate with one another.
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The first step in the breakdown approach is developing a general economic forecast for a specific time period. Which of the following is the second step?
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