Result of Organizations' Efforts to Create Profiles of Customers So

question 194

Multiple Choice

result of organizations' efforts to create profiles of customers so that direct marketing tools,such as e-mail and catalogs,can be directed at specific customers are referred to as

• A) databases.
• B) direct order fulfillments.
• C) lead generations.
• D) first-mover advantages.
• E) direct order consignments.

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Definitions:

Process Costing

A costing method used for homogenous products, where costs are accumulated throughout the production process.

Weighted-Average Method

A costing method that calculates the cost of goods sold based on the average cost of all similar items in inventory.

Conversion Costs

The sum of labor and overhead expenses required to convert raw materials into finished products.

Process Costing

Process costing is an accounting methodology adopted by companies manufacturing homogeneous products, where the costs of production are accumulated by process or department and averaged over the units produced.