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:

Perfect Competition

A market structure characterized by a large number of small firms, homogenous products, free entry and exit, and perfect information, leading to firms being price takers.

Marginal Cost

The expense incurred from manufacturing an additional unit of a product.

Marginal Revenue

The increment in revenue resulting from the sale of an additional unit of output in a market.

Marginal Cost

The budget allocation for the production of an additional unit of a product or service.