The Term Big Data Refers to the ________

question 132

Multiple Choice

The term Big Data refers to the ________.

• A) use of data warehouses to store structured and unstructured data
• B) exponential growth of structured and unstructured data that are difficult to process using traditional database techniques
• C) increasing number of everyday objects that are connected to the Internet and can communicate information about their use
• D) extraction and analysis of large amounts of data from websites
• E) collection and analysis of unstructured data by data scientists

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Definitions:

Volume Objectives

Objectives set by a company to achieve a specified quantity of sales or production volume within a certain timeframe.

Carrying Costs

Expenses related to holding inventory, including storage costs, insurance, and loss due to obsolescence.

Market Share

The proportion of the entire sales volume in a market that is held by a specific brand, product, or company.

Pricing Objective

Goals that a company wants to achieve through the pricing of its products or services, such as maximizing profit, increasing market share, or discouraging competition.