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While Large Corporations Have Access to Data-Mining Techniques for Insights

question 38

True/False

While large corporations have access to data-mining techniques for insights into customer buying patterns, small companies typically cannot afford the software.


Definitions:

FOB

Free On Board, a term in international trade that indicates whether the seller or buyer is responsible for goods damaged or destroyed during shipping.

Shipping Terms

Refers to the agreed conditions between a buyer and seller regarding the delivery of goods, including the allocation of shipping costs and responsibilities.

International Transportation

The movement of goods or people across international borders, involving various modes of transport like air, sea, road, or rail.

Sight Draft

A financial document demanding immediate payment upon presentation to the drawee, commonly used in international trade to control the transfer of goods.

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