Sears Canada Uses SOA to Add Efficient and Effectiveness to Its

question 41

Essay

Sears Canada uses SOA to add efficient and effectiveness to its processes.What is meant by the term SOA? Describe with examples how Sears Canada made good use of SOA.

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Definitions:

Marginal Product

The additional output resulting from using one more unit of a particular input while holding all other inputs constant.

Accounting Profits

The difference between total revenue and explicit costs, representing the net income shown on a company's financial statements.

Implicit Costs

The opportunity costs associated with a company's use of resources that it owns, representing the potential income lost by not using those resources in an alternative way.