What are some different types of decision support systems?
What will be an ideal response?
Answer: A DSS can be small and singular, such as an Excel spreadsheet set up for a single user to solve a specific type of problem. A DSS can also be large and complex, linking many users and databases. The DSS can be a data-oriented system or a model-oriented system. Some decision support systems (ERP systems) help managers make decisions about all facets of a company's operations.
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A market-penetration pricing strategy is most suitable when ________
A) a low price slows down market growth B) production and distribution costs fall with accumulated production experience C) a high price dissuades potential competitors from entering the market D) the market is characterized by inelastic demand E) a low price encourages actual competition
Which of the following shows the number of units the market will buy in a given time period, at different prices that might be charged?
A) demand curve B) supply curve C) learning curve D) break-even pricing E) target costing