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A new startup clothing company is looking to install an accounting system that helps manage...

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Question

Accounting

A new startup clothing company is looking to install an accounting system that helps manage inventory levels and the cash inflows and outflows of the online retail business. It has limited financial and IT resources. Which strategy is likely to be most suitable?

a.

Lease the application from an external vendor

b.

Develop the system in-house

c.

Customize a prewritten system

d.

Outsource the development to an external vendor

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