If an organization processes large numbers of transactions that use common data records, what type of system would work best (all else being equal)?
Large-scale systems that process high volumes of transactions, often use real-time data collection and batch updating. Master file records that are unique to a transaction such as customer accounts and individual inventory records can be updated in real time without causing operational delays. Common accounts should be updated in batch mode. Real-time processing is better suited to systems that process lower transaction volumes and those that do not share common records.
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Which of the following has been the traditional way to measure the success or failure of a business?
A) environmental sustainability B) adherence to marketing ethics C) benefits provided to society D) profitability E) level of global marketing
Managing customers is the process of differentiating transactional and collaborative customers, delivering offerings that fulfill the respective requirements and preferences of a portfolio of customers in a superior way, and getting a fair return in
exchange. Indicate whether the statement is true or false
Marco Manufacturing contracted to sell Kurtz Industries 3,000 iron clasps. The contract specified: F.O.B. Kurtz Industries. Upon arrival and inspection, the goods were rejected by Kurtz Industries because they did not conform to the contract
specifications. In transit back to Marco Manufacturing, the common carrier's truck overturned and completely destroyed the clasps. Which statement is correct? a. Marco may sue Kurtz for the contract price, as risk of loss transferred to Kurtz at the F.O.B. point. b. Kurtz will not be liable for the purchase price. The risk of loss had not yet transferred since the goods were nonconforming. c. The loss will be split between the parties upon a 50/50 basis. d. The loss will be assigned to the party who could best bear the loss.
The use of techniques to forecast how things will be in the future based on past patterns of data is called ________
Fill in the blanks with correct word