Which of the Following Statements Is True Regarding a Customer

question 65

Multiple Choice

Which of the following statements is true regarding a customer information file (CIF) ?

• A)It is considered as a key source of industry analysis.
• B)It contains purchase history of customers.
• C)It consists of a competitor database.
• D)It consists of a supplier data base.

Analyze and interpret financial data to make informed business decisions.

Understand the closing process of accounts at the end of a fiscal period.

Develop an understanding of the components of financial statements.

Understand the structure and presentation of the income statement and the significance of its items.

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Definitions:

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two goods that an economy can achieve with its existing resources and technology under full employment.

Alternative Good

A product that consumers can use in place of another; often considered when examining choices or preferences in consumption.

Scarcity

The primary economic challenge is the existence of boundless human demands and necessities within a finite supply of resources.

Technology Advances

Progressive developments and improvements in technology that enhance productivity, efficiency, and the quality of goods and services.