________ System(s)enable(s)business Owners to Track Their Inventories and to Place

question 82

Multiple Choice

________ system(s) enable(s) business owners to track their inventories and to place orders with vendors quickly and with few errors by linking them to their vendors electronically.

• A)Electronic Data Processing (EDP)
• B)Electronic Fund Processing (EFP)
• C)Cloud-based systems
• D)Enterprise Resource Planning (ERP)

Recognize strategies suited for business renewal and stabilization such as restructuring, turnaround, and liquidation.

Comprehend the strategic implications of business growth through mergers, acquisitions, and global expansion.

Analyze the strategic reasons behind the acquisition of suppliers or distributors.

Assess the potential of diverse business opportunities using the BCG Matrix.

---

Definitions:

Safety Inventory

A buffer of stock kept on hand to protect against variability in demand or supply, ensuring that a product remains available for customers despite uncertainties.

Low Demand

Refers to a situation where the market's desire for a product or service is lower than the supply.

Low Value Items

Products or materials that have a relatively low cost or worth compared to other items in an inventory or catalogue.

Total Cost

The complete expense incurred for producing, maintaining, and selling a product or service, including fixed and variable costs.