When a Hair Salon Introduced a Database System for Keeping

question 35

Short Answer

When a hair salon introduced a database system for keeping up with information on clients' hair,such as hair color and timing of permanents,it is one way of addressing customer requirements.What name applies to this method of changing services to better meet customer needs?

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Definitions:

Liquidated

The process of converting assets into cash or using them to pay off liabilities in the event of bankruptcy or closing a business.

Unsecured Creditors

Creditors who have lent money without obtaining specific assets as collateral, meaning they have no special claim on the debtor's property if the debtor fails to pay.

Liabilities With Priority

Obligations that have a preferential claim over other types of debts in the event of a liquidation or bankruptcy.

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal.