Applications of Big Data in the Real World Might Include

question 4

Multiple Choice

Applications of Big Data in the real world might include which of the following?

• A) Improving customer retention rates.
• B) Dealing with negative word of mouth.
• C) Creating personalized promotions.
• D) All of the above are valid applications of Big Data.
• E) Only B and C are valid examples of Big Data.

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Definitions:

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or sales activity within a certain period.

Activity Level

A measure of the volume of production or operations, often influencing costs and used to adjust budgets or forecasts in business.

Net Operating Income

The profit realized from a business's operations after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).

Planning Budget

A budget created at the beginning of the planning period that is based on projected levels of activity.