A Computer Software Program That Is Developed for Preparing Graphs

question 74

Multiple Choice

A computer software program that is developed for preparing graphs of sales performance (in terms of the number of units sold) over a required period of time is an example of a(n)

• A)application software.
• B)artificial intelligence program.
• C)expert system software.
• D)decision-support system.
• E)operating system software.

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Definitions:

Demand Increases

Situations or conditions that lead to a rise in the quantity of a product or service that consumers are willing and able to purchase.

Market Supply

The total quantity of a good or service that all producers in a market are willing and able to sell at various prices.

Market Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that all suppliers are willing to produce and sell.

Competitive Industry

A market scenario where numerous producers compete to offer goods or services to consumers, ensuring no single entity dominates the market prices or supply.