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A Marketing Decision Support System Is an Interactive,flexible Computerized Information

question 111

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A marketing decision support system is an interactive,flexible computerized information system that bypasses information-processing specialists and gives managers access to useful information from their own desks.


Definitions:

Profit-maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit.

Payment to Labor

Compensation provided to workers for their labor, which can be in the form of wages, salaries, or benefits, for their contribution to production processes.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, holding all other inputs constant.

Marginal Product

The increase in output that results from employing one more unit of a specific input, while holding other inputs constant.

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