For Firms Such as Campbell Soup Company, Information Systems Have

question 52

Multiple Choice

For firms such as Campbell Soup Company, information systems have been a source of competitive advantage by enabling them to

• A) forecast future demand.
• B) replenish products in a timely manner.
• C) monitor inventories in distribution centers.
• D) all of these are correct.

---

Definitions:

Contract Price

Contract price is the total financial cost agreed upon by all parties for the execution of the terms of a contract.

Usable Barn

A structure that is in a suitable condition for storage or housing of agricultural equipment, livestock, or farm produce.

Condition Precedent

A contractual clause requiring certain conditions to be fulfilled before a contract becomes effective or an obligation is to be performed.

Condition Concurrent

In contracts, conditions that are to happen or be performed at the same time by both parties involved in the agreement.