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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

This chapter begins by discussing the global competition faced by manufacturing firms. Identify two companies in your local area—one that has thrived in a global market and one that has failed. Compare and contrast the companies. Based on your understanding of manufacturing and the failed company, identify strategies that might have helped the company be successful.

Summary Introduction

To determine: The two companies in which one thrived in a global market and the one that has failed.

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 two companies in which one thrived in a global market and the one that has failed:

The wages of the citizens and the domestic wealth of the country can be increased with the business of the country especially with the manufacturing sector. The global competition might decrease the market share of the firm and it might increase the innovation of the firm. The firm will be in the position to innovate things in the market where they have competition globally.

Global competition will encourage domestic companies to be efficient and customer-focused...

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