Executives in a Company Use an Interactive System That Analyzes

question 97

Multiple Choice

Executives in a company use an interactive system that analyzes transactional data and generates multiple potential scenarios to help inform market and product development strategies. The executives are using a(n) ________ system.

• A)decision support
• B)artificial intelligence
• C)expert
• D)transaction-processing
• E)operations information

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Definitions:

Large Variety

Refers to a wide assortment or range of different items or categories, often used in the context of inventory or product offerings.

Independent Demand

The need for a product or material that is not influenced by the demand for other items but is determined by external market conditions or customer orders.

Dependent Demand

Demand for components or materials directly tied to the production of another product, typically calculated rather than forecasted.

Quick Response

An inventory strategy that aims to reduce lead times and increase supply chain flexibility to meet customer demand more effectively.