If You Want to Manage Lists of Data About Customers

question 59

Multiple Choice

If you want to manage lists of data about customers and the products they order,use _____ software.

• A) spreadsheet
• B) relational database
• C) tabular
• D) communication

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Definitions:

Price Leader

A company or product that has a large enough market share to influence the price levels of its products or services in the industry.

Entry of New Firms

The process by which new companies enter an industry, often leading to increased competition and impacts on market prices and incumbent firms.

Oligopolistic Firms

Companies that operate in a market structure characterized by a small number of dominant firms, often leading to limited competition.

Price Cuts

Reductions in the selling price of goods or services, often used as a strategy to increase demand or compete more effectively.