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Data mining has allowed a company to identify customers as "the good,the bad,and the ugly." As a result,the company strategizes to keep the "good" consumers as profitable customers and make the "bad" customers who cost the company more than they generate in revenue more profitable by charging them higher shipping rates.For the "ugly" customers who spend very little.the company is saving money by no longer trying to attract their business.Concerning the "ugly" customers,the company is practicing .
Internal Control System
Procedures and methods to control a firm’s assets as well as monitor its operations.
Accounting Department
A division within a company or organization that is responsible for managing financial records, transactions, and reporting.
Periodic System
An inventory system that updates inventory and cost of goods sold at the end of each accounting period.
Vouchers Payable
A liability account in the general ledger that represents the controlling account for the sum of individual vouchers.
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