Examlex
A gambling casino gives its high-spending players free rooms in its hotels along with free meals and tickets to the entertainment shows at the casino. What application of data mining is the casino using?
Fixed Costs
Costs that remain constant regardless of a company's level of activity, including expenses like lease payments, wages, and premiums.
Break-even Point
The point at which total costs and total revenue are equal, meaning no net loss or gain, and the business has "broken even."
Sales Dollars
A term used to represent the total value, in monetary terms, of all sales transactions within a specified period.
Variable Costs
Operating expenses that fluctuate based on business operations.
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