What Are the Subroutines Called That Define the External and Conceptual

question 57

Multiple Choice

What are the subroutines called that define the external and conceptual schema in a database management system?

• A) Application programs
• B) Data definition language
• C) Query language
• D) Business rules

Understand the concepts of product development and commercialization.

Identify the factors influencing product strategy, including benefits and symbolic attributes.

Describe the distribution strategy for various types of products.

Explain the role of market research in product development.

---

Definitions:

MC > MR

A condition where the marginal cost of producing an additional unit is greater than the marginal revenue earned from selling it, suggesting a decrease in production might increase profit.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

MC = MR

This abbreviation stands for the equality of marginal cost (MC) and marginal revenue (MR), a condition for profit maximization in perfectly competitive markets.

Profit

The profit achieved when the income from business operations surpasses all associated expenses, costs, and taxes.