Susan Is Putting in a New DBMS in Her Fashion

question 170

Essay

Susan is putting in a new DBMS in her fashion design business.She wants to do this right.She has asked you to outline some important principles of database design.How would you advise her and why?

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Definitions:

Total Profit

The net income a business earns after subtracting all costs, expenses, and taxes from the total revenue.

Per Unit Profit

The profit earned from selling one unit of a product, calculated by subtracting the cost per unit from the selling price per unit.

MR = MC Rule

A principle in economics where the optimal level of output is reached when marginal revenue equals marginal cost.

Price Taker

An individual or company that must accept prevailing prices in the market of its products or services, lacking the market power to influence prices on its own.