An Enterprise resource-planning system helps a company to: 

• Find new low cost suppliers
• Find new customer segments
• Find new sources of raw materials
• Find real time inventory balances

2. Stack & Associates, LLC is a local based accounting firm that prepares and does audits for small businesses. Which type of business is the firm considered?

• Service
• Entrepreneurial
• Counseling
• Goods

3. Which of the following can influence a firm’s choice of production location?

• The life cycle of the firm’s product
• The firm’s organizational hierarchy
• The gray market activities in a location
• The degree to which the firm’s product is standardized