Why Are ERP Systems Strategic Weapons for Food Manufacturers

question 61

Multiple Choice

Why are ERP systems strategic weapons for food manufacturers?

• A) The threats and potential costs associated with food safety have decreased because of data transparency.
• B) ERP systems have lowered global barriers to entry into the food industry.
• C) ERP systems are needed for controlling costs, managing inventory, and meeting government regulations given the food industry's margin pressures.
• D) ERP systems are needed to monitor competitors' business practices and quickly respond to them.

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Definitions:

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Arithmetic Return

The simple average of a series of returns generated over a period of time, providing a basic measure of investment performance.

Investment

The allocation of resources, typically money, with the expectation of generating an income or profit.

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A measure of the dispersion or volatility of asset returns, indicating the degree to which the returns vary from the average.