ENTREPRENEURSHIP

Detailed explanation-1: -The MEMO data type provides storage for variable length and arbitrary format data. A MEMO field can contain either text or binary data. There are two synonyms for the MEMO data type: CLOB and BLOB. A CLOB (character large object) is specifically defined for text.

Detailed explanation-2: -A data field that holds a variable amount of text. The text may be stored in a companion file, but it is treated as if it were part of the data record. For example, in the dBASE command list name, biography, name is in the data file (DBF file) and biography could be a memo field in the text file (DBT file).

Detailed explanation-3: -It stores up to 255 characters.

Detailed explanation-4: -A memo is a short piece of text, whose main function is to record important information. The term memo is short for the slightly longer term memorandum, a word of Latin origin which in its initial full form-memorandum est-means ‘it is to be remembered’, according to the Oxford English Dictionary.