Understanding Customers Better Has Helped Amazon and Others Become More

question 8

Multiple Choice

Understanding customers better has helped Amazon and others become more successful. The understanding comes primarily from

• A) collecting data about customers and transactions.
• B) developing a philosophy that is data analytics-centric.
• C) analyzing the vast data amounts routinely collected.
• D) asking the customers what they want.

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Definitions:

Statement of Owner's Equity

A financial document that shows changes in the equity interest of a company's owners over a reporting period.

Beginning Capital

The amount of capital a business has at the start of a fiscal period, reflecting the company's financial state before operations commence.

Owner's Contributions

The capital or assets that a business owner injects into the business, either initially or to support operations or growth.

Adjusted Trial Balance

The trial balance prepared after all the adjusting entries have been posted.