Information collection,retrieval,and storage can be used to create competitive advantages in ways such as
A) cross-selling to customers.
B) monitoring suppliers.
C) keeping managers and employees informed.
D) coordinating activities among divisions.
E) All of the above

Question

Quizplus · Accepted Answer

All of the above options can be achieved through effective information collection, retrieval, and storage. By cross-selling to customers, businesses can generate more revenue and build customer loyalty. By monitoring suppliers, businesses can ensure the quality of their products and negotiate better deals. Keeping managers and employees informed allows for more efficient decision-making and coordination of activities among divisions. All of these benefits can contribute to a competitive advantage for a company.

Information Collection,retrieval,and Storage Can Be Used to Create Competitive Advantages