The Basic Task of the Data System in a DSS

question 11

Multiple Choice

The basic task of the data system in a DSS is to

• A)capture relevant marketing data in reasonable detail and put that data in a truly accessible form.
• B)structure a problem so that is can be easily solved by a manager.
• C)provide each manager with the information they need in the exact form in which they need it.
• D)allow each manager to be able to access the particular information that is necessary to solve a given problem.
• E)organize data that the firm generates in-house.

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Definitions:

Slope

The measure of the steepness or incline of a line, representing the rate at which variables change relative to each other, often used in contexts like graphing economic functions.

Budget Line

A graphical representation showing the combination of two goods that can be purchased with a fixed amount of income, given their prices.

Budget Line

An illustration showing all the different ways two products can be acquired using a certain amount of money, assuming the prices do not change.

Utility

A measure of the satisfaction or pleasure that individuals get from the consumption of goods and services.