The Purpose of a Decision Support System Is to Store

question 48

True/False

The purpose of a decision support system is to store data and transform data into information that is easily accessible to marketing managers.

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Definitions:

Single-use Plans

Plans developed for a one-time project or event, not intended to be repeated or reused, focusing on achieving a specific goal.

Benchmarking

The act of evaluating one's business operations and performance indicators against the industry's highest standards or the exemplary practices of other organizations.

Planning Technique

A method or approach used in the formulation of plans to achieve desired outcomes or objectives.