How Can a Cost Leader Use E-Business to Reduce Costs

question 8

Multiple Choice

How can a cost leader use e-business to reduce costs?

• A) By using web-based inventory control systems that reduce storage costs.
• B) By using stand-alone locations only.
• C) By adding a sales phone line and a sales force.
• D) By personally testing and evaluating job applicants.

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Definitions:

Functional Currency

The primary currency of the main economic environment in which an entity operates.

Asset And Liability Account Balances

The respective values of a company's current and non-current assets, and its current and long-term liabilities at a point in time.

Local Currency

Refers to the legal tender or official currency that is used within a country's borders.