Which of the Following Questions Can Be Answered Using Business

question 41

Multiple Choice

Which of the following questions can be answered using business intelligence?

• A) Where has the business been?
• B) Where is the business now?
• C) Where is the business going?
• D) All of these.

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Definitions:

Private Consumption

Expenditure by households on goods and services, excluding purchases of dwellings, which is a key component in the calculation of a country's Gross Domestic Product (GDP).

Pareto Efficient

An economic condition wherein resources are allocated in such a way that it is impossible to make any one individual better off without making at least one individual worse off.

Public Good

A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.

Private Good

A product or service that is excludable and rivalrous, meaning its consumption by one individual prevents others from consuming it.