Which of the Following Is True Due to the Advent

question 147

Multiple Choice

Which of the following is true due to the advent of ERP systems?

• A)As ERP systems are software based, they have given way to a more service-based economy.
• B)As ERP systems track costs more efficiently, the benefit from the cost information outweighs the cost of obtaining the information.
• C)As ERP systems track costs more efficiently, large quantities of similar products can be produced at lower costs.
• D)As ERP systems have the ability to trace all production costs to individual units, all product costs can now be classified as either direct materials or direct labor.

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Definitions:

Retailing Strategies

Approaches taken by retailers to attract customers, increase sales, and gain competitive advantage in the market.

Means-Ends Chain

A conceptual framework linking consumer behavior with their personal values, where products or services are seen as a means to achieving ultimate life goals or ends.

Lower-Level Objectives

Specific, operative goals that are set to achieve more strategic, higher-level goals within an organization, often short-term and tactical.

Hierarchy Of Objectives

A structured organization of goals, where higher level objectives guide the setting of lower-level, more specific targets.