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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What is the role of product innovation and product life-cycle management (PLM) in helping manufacturing companies compete in the global arena?

Summary Introduction

To determine: The role of product innovation and product life-cycle management in helping manufacturing firm to compete in global arena.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Determine the role of product innovation and product life-cycle management in helping manufacturing firm to compete in global arena:

Designing innovative products with low cost helps the firm to gain a competitive advantage in the global arena. Integration between manufacturing, engineering, and marketing is important to make the innovation success. Getting the innovated products to the market is equally important as designing innovating products...

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