Why Did the Largest Scandinavian Food Retailer Group,Axfood AB,invest 200

question 67

Multiple Choice

Why did the largest Scandinavian food retailer group,Axfood AB,invest 200 million SEK (20.4 million Euros or US$25.6 million) in an IT platform?

• A)To develop multi-cultural e-commerce capabilities
• B)To fully integrate its diverse IT infrastructure to coordinate and connect its operations
• C)To implement advanced technologies,including tags,RFID,and social media
• D)To develop order fulfillment and logistics capabilities

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Equilibrium Quantity

The amount of products or services available and sought after at the market's balance price.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where supply equals demand.

Excess Demand

A scenario in which the demand for a product or service surpasses the supply available at the existing price.