One of the REA Model's Greatest Advantages Is That

question 23

Multiple Choice

One of the REA model's greatest advantages is that:

• A)It is extremely easy and cost effective for any business to implement.
• B)It enables all staff to better understand customer needs.
• C)It can store both non-financial and financial data.
• D)It enables businesses to identify which staff are the busiest.

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Definitions:

Supplier Stage

A phase in the supply chain that involves the provision of materials or services by suppliers to manufacturers or businesses.

Customer Stage

A phase within the customer journey or buying process, ranging from initial awareness to post-purchase evaluation and loyalty.

Inventory Costs

Expenses associated with holding and managing stock, including costs of storage, insurance, and depreciation.

Supply Chain

A Supply Chain encompasses the entire process of making and selling commercial goods, including raw materials, manufacturing, distribution, and the sale of the finished product.