While Reviewing the Customer Database,the Manager of Arthur's Auto Center

question 20

Multiple Choice

While reviewing the customer database,the manager of Arthur's Auto Center has a preconceived idea of how the database works and is able to see the interesting and worthwhile applications of the data.Such an idea is called a(n)

• A)hypothesis.
• B)model.
• C)manipulation.
• D)procedure.
• E)system.

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Definitions:

Market

A platform or area where buyers and sellers come together to exchange goods, services, or information.

Firm Revenue

The total income received by a company from its sales of goods or services before any expenses are subtracted.

Economy

The system of production, distribution, and consumption of goods and services within a geographical region.