Sandi Has Been Hired as a Consultant to Develop a State-Of-The-Art

question 111

Multiple Choice

Sandi has been hired as a consultant to develop a state-of-the-art information and operating system for a local winery to enable better strategy execution. How have Mike and Chris, owners of the winery, justified retaining Sandi and adopting the new IT system?

• A)They want to embrace modern technology in the winery.
• B)They want to gain a competitive edge over wine industry rivals.
• C)They are seeking more efficient methods to spot cost overruns and inefficiencies.
• D)They desire to increase workforce productivity and retention.
• E)Their aim is to boost management morale.

---

Definitions:

Current Price

Refers to the present market value of a product, security, or commodity.

Net Operating Income

This represents the profit a company generates from its core business operations, excluding expenses from interest and taxes.

Price Reduction

A decrease in the selling price of goods or services, often used as a strategy to increase demand or sales volume.

Sales Forecast

An estimate of the amount of goods or services a company expects to sell in a future period.