QUESTION 14 An example of broad cost leadership includes companies like Wai Mart

Question

QUESTION 14 An example of broad cost leadership includes companies like Wai Mart or McDonalds that tr t reach a large market segment by keping costs lower than their competitors O True O False QUESTION 15 What is enterprise resource planning (ERP)? O a The analysis and redesign of workflow within and between enterprises O b Integrates all departments and functions throughout an organization into a single IT system O c. A standardized set of activities that accomplish a specific task, such as processing a customer's order Od None of the above

Explanation / Answer

14. True. Under cost leadership, the producer keeps the cost lowe than competitors and hence capture larger market share and profits.

15. b.

Erp is a system through which a company integrates and manages it's all parts.

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