Your Company Owns a Number of Race-Tracks Around the Country

question 108

Multiple Choice

Your company owns a number of race-tracks around the country.You're trying to decide whether you should build a new track in Fargo,North Dakota.You want to be sure your company can afford to expand and there's sufficient demand for a race-track in Fargo.What type of management support system would you use for this type of decision?

• A)Management information system
• B)Decision support system
• C)Executive information system
• D)Operations support system

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Definitions:

Survival Rates

The percentage of individuals or entities that continue to exist after a certain period of time or through specific challenges.

Start-Ups

Newly established businesses often characterized by innovation and aimed at fulfilling a specific market need or niche.

Market Niche

A specialized segment of the market targeted by businesses offering unique products or services to meet specific customer needs.

First-Mover Advantage

The competitive advantage gained by a company that is the first to introduce a new product or service in the market.