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:

Sampling Distribution

The likelihood distribution of a specific statistic derived from a random sample, which is utilized to draw conclusions about the broader population that the sample represents.

Nonnormal Populations

Distributions that do not follow a normal (Gaussian) bell-shaped curve, often requiring different statistical techniques for analysis.

Sample Sizes

The count of data points or items chosen from a larger group for the purpose of statistical examination.

Pooled-variances T-test

A statistical method for comparing the means of two populations when it is assumed that both populations have equal variances.