According to Your Text, Profitable Use of a Database Requires

question 71

Multiple Choice

According to your text, profitable use of a database requires:

• A) keeping track of sales using at least three criteria: postcode of purchasers, frequency of purchase and monetary value of purchase.
• B) keeping track of sales using at least three criteria: postcode of purchasers, speed in taking up an offer and monetary value of purchase.
• C) keeping track of sales using at least three criteria: recency of purchase, frequency of purchase and monetary value of purchase.
• D) keeping track of sales using at least three criteria: recency of purchase, speed in taking up an offer and monetary value of purchase.
• E) all of the above

Appreciate the complexity of behavior and its causes.

Recognize the importance of sound study habits and effective study strategies.

Understand the principles and practices of critical thinking.

Identify factors influencing academic performance and attendance.

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Definitions:

Periodic Inventory System

A periodic inventory system is a method of inventory valuation in which physical inventory counts are performed at specific intervals to determine the cost of goods sold and ending inventory.

Ending Inventory

The total value of a company's inventory available at the end of an accounting period, instrumental in calculating the cost of goods sold.

Purchased Units

Units of goods or services acquired through purchase, often used to refer to inventory items bought for resale in business operations.