An Information System Can Enable a Company to Focus on a Market

question 55

Multiple Choice

An information system can enable a company to focus on a market niche through:

• A) complex trend forecasting.
• B) tailoring products to the client.
• C) intensive product trend analysis.
• D) intensive customer data analysis.
• E) tightening linkages with suppliers.

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Definitions:

Expected Inflation

The anticipated rate at which the general level of prices for goods and services will rise over a period of time, affecting the purchasing power of a currency.

Short-Run Phillips Curve

A graphical representation showing the short-term trade-off between inflation and unemployment rates.

Inflation

The rate of increase in the collective pricing for goods and services, lessening consumer purchase strength.

Less Optimistic

Feeling or expressing a lower expectation that good events will occur or that negative events will not happen.