Each Column of a Database Table,called a Field,stores Information About

question 8

True/False

Each column of a database table,called a field,stores information about a specific characteristic of a person,place,or thing.​​ 

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Definitions:

Perceived Risk

The level of uncertainty consumers associate with purchasing a product or service, which can affect their decision-making process.

Yield Management Pricing

A dynamic pricing strategy based on understanding, anticipating, and influencing consumer behavior in order to maximize revenue or profits.

Price Lining

A pricing strategy where products or services are sold at several different price points, offering different levels of quality or features.

Target Pricing

A pricing strategy where the selling price is determined based on the desired profit margin and the cost to manufacture or buy the product.