Eliot Is Trying to Close a Particularly Difficult Sale

question 88

Multiple Choice

Eliot is trying to close a particularly difficult sale.He uses his PDA (personal digital assistant) and a special program to access information within his company's database on pricing.Eliot is using an ________.

• A)expert system
• B)enterprise resource planning system
• C)executive support system
• D)application service provider

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Definitions:

Isocost

A line representing all combinations of inputs that can be purchased for the same total cost, given input prices.

Total Expenditures

The sum of all spending incurred by individuals, firms, or the government within a specific period.

Isocost Line

A line representing all combinations of inputs that result in the same total cost for a firm.

Price Of Capital

The cost of using capital goods for production, often represented by interest rates or rental prices of equipment and machinery.