An Organization Implements an Information System to Optimize Its Supply

question 118

Multiple Choice

An organization implements an information system to optimize its supply chain.The system helps the organization reduce wastages and inventory charges.Hence, the system provides a competitive advantage to the organization.Here, the information system helped the organization achieve competitive advantage by ________.

• A)locking in customers
• B)reducing costs
• C)locking in suppliers
• D)differentiating the products

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Definitions:

Late Payment

A charge imposed for failing to pay a bill, invoice, or another financial obligation on time.

Rate of Return

The profit or deficit experienced on an investment within a specific duration, shown as a percentage of the investment's initial value.

Successive Years

Consecutive years; years following one after another in a sequential order.

Annual Rate of Return

The percentage of profit or loss on an investment over the period of a year.