A DSS Might Use a Database Created Specially for That

question 8

True/False

A DSS might use a database created specially for that system,but DSSs are usually linked to databases used for other purposes as well,such as purchasing,shipping,billing,and other daily transactions.

---

Definitions:

Long Run Equilibrium

A state where all inputs can be adjusted by firms and all prices can fully adapt, leading to resource allocation where supply equals demand.

Industry

Refers to a specific sector of the economy that produces and distributes goods or services, such as the technology or pharmaceutical industry.

Short Run

A period in economic analysis during which some factors of production are fixed, allowing only some inputs or operations to be adjusted.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on what the seller believes each customer can afford or is willing to pay.