Another search of PepsiCo’s 2017 annual report (https://openstax.org/l/50 Pepsi2017) reveals the company maintains a centralized management perspective on aspects of these items:

• Commodities (items such as sugar and high fructose corn syrup that go into many of the beverages)

• Research and development

• Insurance and benefit program

• Foreign currency transactions

• Debt, investments, and other financing activities

Explain why these activities would be centralized functions within PepsiCo as opposed to decentralized like many other activities.