In a Management Information System, Structuring the Data Component to Define

question 33

Multiple Choice

In a management information system, structuring the data component to define what type of data is collected and in what form is usually easy if an organization has _____.

• A)defined its strategic goals, objectives, and critical factors
• B)laid out the cause of any past failure due to conflicting objectives and indefinite targets
• C)focused on its competitors in the market rather than on the critical success factors
• D)employees who are aware of the current marketing strategies

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Definitions:

Favorite Beverage

A preferred drink chosen by an individual out of personal liking.

Marketing Strategies

Comprehensive plans formulated to reach marketing goals, such as increasing brand awareness or market share, through a coordinated set of actions involving product, price, place, and promotion.

Four Ps

The Four Ps refer to Product, Price, Place, and Promotion, a marketing mix model that companies use to consider and adjust their marketing strategy and approach to market effectively.

Price

The amount of money that must be paid to acquire a good or service.