_____ Collect and Manage Large Amounts of Data About Customers

question 26

Essay

_____ collect and manage large amounts of data about customers and make them available to employees, enabling better decision making and superior customer service.

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Definitions:

Expenses

Costs incurred in the process of generating revenue, including operating expenses, cost of goods sold, and other overheads.

Accounting

The systematic process of recording, analyzing, summarizing, and reporting the financial transactions of a business or individual.

Recordkeeping

The process of maintaining records or documents that track an organization's financial transactions and history.

External Users

Individuals or entities outside of a company who use its financial statements and other reports to make informed decisions, such as investors, creditors, and regulatory agencies.