When Investing in Automated Systems, Which of the Following Intangible

question 141

Multiple Choice

When investing in automated systems, which of the following intangible or indirect benefits may be important?

• A) improved customer satisfaction
• B) improved market share
• C) reduced support labor cost
• D) reduced lead time
• E) All of these.

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Definitions:

Sales

The total amount of goods or services sold by a company within a specific period, contributing to its revenue.

Inventory Turnover Rate

A measure of how many times a company's inventory is sold and replaced over a specific period.

Accounts Payable Period

The average duration a company takes to pay off its suppliers and creditors, usually measured in days.

Accounts Receivable Period

The mean duration required by a company to receive payments from clients following a sale transaction.