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 choices can be facilitated by effective information collection, retrieval, and storage. Cross-selling to customers can be enhanced by accurate customer data and purchase history, monitoring suppliers can be improved by tracking their performance and history, keeping managers and employees informed relies on timely and accessible information, and coordinating activities among divisions requires clear communication and sharing of information. Therefore, all of these options can provide competitive advantages when supported by effective information management.

Information Collection, Retrieval, and Storage Can Be Used to Create