An Electronic Storage File Where Firms Keep Customer Information Is

question 286

Multiple Choice

An electronic storage file where firms keep customer information is known as a(n) ________.

• A) MP3 file
• B) management information system
• C) database
• D) e-mail server

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Definitions:

Retailers

Businesses or individuals that sell goods directly to consumers.

Double Marginalization

A situation where both the upstream and downstream firms in a supply chain exert market power, leading to higher prices for consumers.

Directly to Consumer

A business model where companies sell their products directly to consumers, bypassing traditional retailers, wholesalers, or other middlemen.

Resulting Price

A price that emerges from the interaction of supply and demand factors within a specific market environment.