The Insight Provided Through Data Analytics Can Help Companies in All

question 3

Multiple Choice

The insight provided through data analytics can help companies in all of the following ways except:

• A)Dictate the policies of external business partners.
• B)Create more directed marketing campaigns.
• C)Identify future opportunities and risks.
• D)Affect internal business processes in order to improve productivity,utilization and growth.

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Definitions:

Factor Prices

The prices paid for the use of factors of production, such as labor, capital, and land, in the production process.

Output Cost

The total expenses incurred in the process of producing goods or services, including both fixed and variable costs.

Long-Run Total Cost

The aggregate cost of production when all factors of production, including capital and labor, are variable in the long term.

Profits Maximization

The process or strategy employed by a business to increase its net earnings and achieve the highest level of profit possible.