A _____ Provides Raw Data to Decision Makers Throughout a Firm

question 12

Multiple Choice

 A _____ provides raw data to decision makers throughout a firm.

• A) marketing decision-support system
• B) marketing information system
• C) management information system
• D) market function team

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Definitions:

Markets

Markets are arenas in which buyers and sellers come together to exchange goods, services, or financial instruments at determined prices.

Equilibrium

A situation in the market where demand matches supply, resulting in steady prices.

Supply Curve

The supply curve is a graphical representation showing the relationship between the price of a good and the amount that suppliers are willing and able to sell in the market.

Decrease

A reduction in quantity, size, or intensity.