How Can Technology Affect Your Cost Leadership Strategy

question 36

Multiple Choice

How can technology affect your cost leadership strategy?

• A)IT can tighten supply chain systems
• B)IT can capture and assimilate customer information
• C)IT can help analyze and predict customer behavior
• D)IT can help with all aspects of a business to reduce costs and analyze needed information

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Definitions:

Rational Investor

An individual who makes investment decisions based on logic and factual analysis rather than emotion or hearsay, aiming to maximize returns while minimizing risks.

Face Value

The nominal value or dollar value printed on a security, such as a bond or stock, which indicates its worth at issuance or maturity.

Interest Payment

A payment made to a lender by a borrower in exchange for the use of borrowed money, typically a percentage of the principal.

Insulation Job

A service or project involving the application of insulating materials to buildings or structures to reduce energy consumption by maintaining temperature.