Which of the following is NOT a component of common organizational master data?

Which of the following is NOT a component of common organizational master data?

• A. Financial structures
• B. Customers and vendors
• C. Marketing strategies
• D. Products and services

Answer: (C)

The correct answer identifies that marketing strategies are not typically considered a component of common organizational master data. Master data usually refers to the fundamental entities that are crucial for the business operations and analytics, serving as a core set of reference data that is used across various systems and processes within the organization. Common components of master data include information about customers and vendors, as they are essential for operational processes, relationship management, and supply chain interactions. Similarly, financial structures provide foundational data for accounting and reporting, making them integral to the financial management of the organization. Products and services also fall into this category, as they delineate what the organization offers and participate in sales and inventory management. In contrast, marketing strategies pertain more to the tactical approaches an organization takes based on market analysis and positioning. While these strategies are important for planning and executing marketing efforts, they do not represent a core reference data set that is consistently used as a foundation for other data management and operational needs within the organization. Thus, they do not belong to the same category as the other options presented.

The correct answer identifies that marketing strategies are not typically considered a component of common organizational master data. Master data usually refers to the fundamental entities that are crucial for the business operations and analytics, serving as a core set of reference data that is used across various systems and processes within the organization.

Common components of master data include information about customers and vendors, as they are essential for operational processes, relationship management, and supply chain interactions. Similarly, financial structures provide foundational data for accounting and reporting, making them integral to the financial management of the organization. Products and services also fall into this category, as they delineate what the organization offers and participate in sales and inventory management.

In contrast, marketing strategies pertain more to the tactical approaches an organization takes based on market analysis and positioning. While these strategies are important for planning and executing marketing efforts, they do not represent a core reference data set that is consistently used as a foundation for other data management and operational needs within the organization. Thus, they do not belong to the same category as the other options presented.