____ Enable a Firm to Meet Fundamental Objectives,such as Increasing

question 35

Multiple Choice

____ enable a firm to meet fundamental objectives,such as increasing revenue,reducing costs,improving decision making,enhancing customer relationships,and speeding up their products' time to market.

• A) Data systems
• B) Information systems
• C) Business systems
• D) Data technology

---

Definitions:

Demand Data

Information on the quantity of a product or service that consumers are willing and able to purchase at various prices during a certain period.

Profit-maximizing

The approach a corporation takes to ascertain the price and quantity of output that yields the maximum profit.

Profit-maximizing Price

The price level at which a firm can make the maximum profit, considering its cost structure and demand for its products.

Pure Monopolist

A market situation in which a single company owns all the market share for a product or service, without any competitors.