Question

You are trying to cut costs in communication and inventory control in your multiple locations worldwide to improve productivity. Which of the following would be a good area to​ expand?

a) Information Technology
b) Research and Development
c) Marketing and Advertising
d) Human Resources

Answer 1

To improve communication and productivity worldwide, expanding Information Technology is the most beneficial approach. This advancement leads to cost reduction, efficient operations management, and aids in geographical business decision-making.

Step-by-step explanation:

To cut costs in communication and inventory control while improving productivity across multiple worldwide locations, the best area to expand would be Information Technology (IT). Advancements in telecommunications have significantly reduced costs and increased efficiency in economic connections related to production and sales. Furthermore, geography's importance in business makes the use of advanced IT essential for accurate location of stores, factories, and warehousing facilities, providing protection against costly mistakes and aiding in expanding customer bases.

Investing in IT can lead to more streamlined supply chains and better management of operations across the globe. Sharing new technologies with developing countries can yield faster and more refined products, while ensuring labor rights are protected. Therefore, enhancing Information Technology infrastructure can support a company's endeavor in achieving cost reduction in communication and inventory control as well as bolster productivity.