The Information Collected in Massive Amounts and at Unprecedented Speed

question 17

Multiple Choice

The information collected in massive amounts and at unprecedented speed from both traditional and digital sources to be used in business decision making is called

• A)market research.
• B)primary data.
• C)big data.
• D)business intelligence.

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Definitions:

Dishonest Franchisors

Franchisors who engage in fraudulent practices or misrepresentations towards their franchisees.

Prospective Franchisees

Individuals or entities considering and evaluating the opportunity to operate a branch of a franchise.

Anticompetitive Agreements

Contracts or collaborations between businesses that restrict competition in the marketplace, often considered illegal under antitrust laws.

Freedom of Contract

The principle that individuals have the liberty to create, define, and enforce agreements without undue government interference.