A Company Uses Proprietary Computer Software to Offer Services That

question 15

Multiple Choice

A company uses proprietary computer software to offer services that other companies have not been able to emulate.These services have enabled Marketing to enter new markets and have caused new organizational structures to be formed.This is an example of which of the following?

• A)Objective
• B)Mission
• C)Distinctive competence
• D)Strategic decision

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Definitions:

Major Classification

A broad grouping or categorization within a system or methodology used for organizing complex sets of data or information, often to simplify analysis or understanding.

Market

A market is a place or system where parties engage in exchange of goods, services, or information, typically determined by the forces of supply and demand.

Inventory Valuing

Refers to the practice of assessing and reporting the value of a company's inventory using specific methods like FIFO (First In, First Out) or LIFO (Last In, First Out).

Consignor

The name for the manufacturer in a consigned inventory arrangement.