Business Analytics Is Sometimes Also Called

question 43

Multiple Choice

Business analytics is sometimes also called

• A) data mining.
• B) strategic planning.
• C) rote learning.
• D) process modeling.
• E) quality planning.

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Definitions:

Perfectly Inelastic

A situation where the quantity demanded or supplied does not change in response to a change in price.

Excise Tax

A specific tax levied on certain goods, services, or transactions, often included in the price of products like alcohol, tobacco, and fuel.

Upward-Sloping

A market scenario where the quantity supplied by producers increases as the price of the good increases, illustrating the direct relationship between price and supply.

Incidence

The measure or manner in which economic burdens or benefits are distributed among participants in a market.