The Internet is changing the very nature of many industries by altering product life cycles and changing the historical trade-off between production standardization and flexibility.

Question

Quizplus · Accepted Answer

The statement is true. The internet has disrupted many industries by enabling rapid communication and data exchange, which has shortened product life cycles and allowed for more customized production. This has challenged the traditional trade-off between standardization and flexibility in production processes.

The Internet Is Changing the Very Nature of Many Industries