How can technology 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. Implementing technology can streamline processes and automate tasks, reducing labor costs and increasing efficiency. This can also aid in data analysis and decision-making, helping businesses identify areas where they can cut costs without sacrificing quality or production. IT can also improve communication and collaboration, reducing errors and delays that can drive up costs. Overall, technology can be a powerful tool for cost leadership strategies.

How Can Technology Affect Your Cost Leadership Strategy