Global Networcks Has Processed and Archived a Large Amount of Data

question 68

Multiple Choice

Global Networcks has processed and archived a large amount of data on its servers. Due to technical faults in its servers, it could not access the data. The company had to pay $300,000 to external technicians to regain access to its data. The cost incurred by Global Networcks is an example of _____.

• A) acquisition cost
• B) processing cost
• C) storage cost
• D) retrieval cost

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Definitions:

Clear Understanding

The comprehensive grasping of concepts, situations, or instructions without ambiguity or confusion.

Integrated Marketing Communications

is a strategic approach that unifies all aspects of marketing communication such as advertising, sales promotion, public relations, and direct marketing, ensuring consistency of message across all channels.

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Communication Disciplines

Various fields of study and practices, such as marketing, public relations, and corporate communication, that focus on effective information exchange.