NTN Corporation Has Been Maintaining Its Sales Records in a Spreadsheet

question 6

Multiple Choice

NTN Corporation has been maintaining its sales records in a spreadsheet. As part of a business process management initiative, NTN wants to develop a relational database instead. The relational database should include separate tables for: (i) customers, (ii) inventory, (iii) journal entries.

• A) I and II only
• B) I and III only
• C) II and III only
• D) I, II and III

Identify factors influencing new product success or failure.

Recognize the importance of targeting and positioning in the product launch phase.

Understand the significance of design and innovation in product development.

Analyze the impact of market research and customer feedback on product development.

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Definitions:

Internal Control System

A process implemented by a company to help ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Manufacturing Costs

The total expenses involved in the manufacture of products, including direct materials, direct labor, and manufacturing overhead.

Cost of Goods Manufactured

The total cost incurred to produce goods during a specific period, including materials, labor, and overhead costs.

Cost of Goods Sold

The total expense directly associated with producing or purchasing goods that have been sold.