Explain the costs involved in data creation
What will be an ideal response?
Data is not free. There are costs for developing an information system, costs of operating and maintaining that system, and costs of time and salary for reading and processing the data the system produces. For data to be worth its cost, an appropriate relationship must exist between the cost of data and its value.
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Action Shoes is a company that manufactures shoes. It has a lot of competitors in the market. However, it only builds its strength around market segments that the other companies avoid
It can be said that Action Shoes understands the ________ among its competitors. A) substitutes B) suppliers C) new entrants D) nature of rivalry
A journal is called the book of final entry
Indicate whether the statement is true or false.