How can information technology (IT) affect your cost leadership strategy?
A) IT can tighten supply chain systems
B) IT can capture and assimilate customer information
C) IT can help analyze and predict customer behavior
D) IT can help with all aspects of a business to reduce costs and analyze needed information

Question

Quizplus · Accepted Answer

IT can help with all aspects of a business to reduce costs and analyze needed information. It can enable cost-cutting measures through automation, streamlining processes, and reducing manual labor. It can also provide real-time data analysis to help identify areas of inefficiency and improve decision-making. Additionally, IT can help reduce communication costs and improve collaboration within the organization.

How Can Information Technology (IT) Affect Your Cost Leadership Strategy