A Company Is Concerned That the Data It Has Acquired

question 152

Multiple Choice

A company is concerned that the data it has acquired has become so large that its practical use is severely limited) They decide to extract patterns from its present data, increasing its essential value) This would be an example of:

• A)data visualization
• B)business optimization
• C)data mining
• D)volume analysis
• E)predictive mining

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Definitions:

Range of Sale Price

The difference between the highest and lowest selling price of a product in a marketplace over a defined period.

Gasoline Purchases

Transactions involving the buying of gasoline, typically for vehicles, reflecting consumer demand and market prices.

Absentee Landlord

A property owner who rents out their property but does not live on or near it, often resulting in less hands-on management.

Competitive Strategy

Involves the tactics and actions a company uses to attract customers, withstand competitive pressures, and strengthen its market position.