Which Term Refers to the Collection and Analysis of Extremely

question 45

Multiple Choice

Which term refers to the collection and analysis of extremely large data sets?

• A) Mainframe marketing data
• B) Internet information data
• C) Big data
• D) Online media data

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Definitions:

Production Costs

Expenses incurred in the creation of a product or service, including raw materials, labor, and overhead costs.

Equilibrium Price

The equilibrium price in the market where the supply of goods matches the demand for goods.

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity demanded at the market price.

French Fries

A popular fast food made by cutting potatoes into strips and deep-frying them until they are crispy.