Banks and Airlines Are Examples of Two Industries That Track

question 65

Multiple Choice

Banks and airlines are examples of two industries that track competitor offers continually.This is called the process of gathering

• A) consumer responses.
• B) competitive intelligence.
• C) past decisions.
• D) mainline information.

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Definitions:

Composite Units

A measure used in costing to represent a bundle or mix of goods or services treated as a single unit.

Break-Even Point

The financial state in which total costs equal total revenues, resulting in neither profit nor loss.

Variable Cost

Costs that vary directly with the level of production or volume of services provided.

Composite Units

A measurement used in accounting to collectively represent a group of similar items or transactions as a single entity.