Which of the Following Illustrates the Use of Information Systems

question 50

Multiple Choice

Which of the following illustrates the use of information systems to achieve product differentiation?

• A) A hot tub dealer's use of information systems to determine which models and options its customers are most likely to buy
• B) A shoe manufacturer's use of information systems in selling custom, made-to-order shoes directly to customers
• C) A PC manufacturer's use of information systems to facilitate direct access from suppliers to production schedules
• D) A grocery store chain's use of information systems to produce products and services at a lower price than competitors
• E) A hotel chain's use of information systems to analyze detailed data on guests to determine each guest's profitability

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Definitions:

Consumption Function

A formula in economics that depicts the correlation between overall consumption and the gross national income.

Aggregate Income

The total sum of income earned by individuals and businesses in an economy over a specified period.

Aggregate Consumption

This refers to the total amount of goods and services consumed by a population or economy over a certain period.

Consumption Function

An economic formula that represents the relationship between total consumption and gross national income.