Identify the System Implemented by Organizations to Collect and Store

question 31

Multiple Choice

Identify the system implemented by organizations to collect and store key data from every interaction they have with a customer.

• A)Customer relationship management
• B)Business intelligence management
• C)Access information management
• D)Enterprise resource management

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Definitions:

Demand Function

A mathematical expression showing the relationship between the quantity of a good or service demanded and its price, among other factors.

Stadium Capacity

The maximum number of spectators that a sports venue can accommodate.

Reservation Price

The maximum or minimum price a consumer is willing to pay for a good or service.

Utility Function

A mathematical representation of a consumer's preference ranking for various bundles of goods, used in economics to analyze consumer behavior.