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:

Just-In-Time

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Fixed Cost

An expense that remains constant regardless of the volume of products or services manufactured or distributed.

Relevant Range

The range of activity within which assumptions about variable and fixed cost behavior are valid.

Volume of Activity

Refers to the level of operations or the amount of output produced or services rendered in a certain period.