Describe at Least Three Applications of Data Mining (DM)

question 28

Essay

Describe at least three applications of data mining (DM).

Understand the importance of self-analysis and goal setting in the job search process.

Acknowledge cultural differences and their impact on communication.

Emphasize the importance of clear, active voice and audience-oriented writing in business messages.

Understand the criteria for endorsement by political action committees and their impact on elections.

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Definitions:

Profitability

The financial metric that measures the degree to which a company or business activity generates profit compared to its revenue or costs.

Pricing Decisions

The process businesses undertake to set prices for their products or services, taking into account costs, demand, competition, and profitability goals.

Marketing

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Sales

The activity or process of selling goods or services in exchange for money or compensation.