What Type of Internal Record Allows Companies to Quickly Access

question 94

Multiple Choice

What type of internal record allows companies to quickly access information on customers' purchase recency, frequency, and monetary value?

• A) information needs probes
• B) customer database
• C) sales information systems
• D) order-to-payment cycle
• E) shipping and billing documents

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Definitions:

Markup Percentage

The percentage added to the cost of goods to cover overhead and profit.

Product Cost

The total cost associated with making or acquiring a product, including materials, labor, and overhead costs.

Variable Cost

Costs that change in proportion to the level of production or business activity.

Markup Percentage

The percentage increase between the cost to produce or purchase a product and its selling price.