The Major Applications of Data Mining Have Been Made by Companies

question 25

Multiple Choice

The major applications of data mining have been made by companies with a strong _____ focus.

• A) consumer
• B) manufacturing
• C) exporting
• D) research and development

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Definitions:

Production

The process of creating goods or services through the combination of labor, materials, and technology.

Goods Manufactured

The total quantity of products produced by a company during a specific time period.

Goods Sold

Refers to the products that a company sells to its customers, which is a critical component in calculating the revenue of the business.

T-Accounts

A visual representation in accounting, resembling the letter "T", used to depict the debit and credit transactions for a particular account.