People in Marketing Want Cy's Help Because They Are Convinced

question 123

Multiple Choice

People in marketing want Cy's help because they are convinced that many hidden patterns and unexpected relationships could be found in the mountains of data the company accumulates. They think that discovering these relationships might help them develop new marketing strategies. This suggests that Cy's next project will be concerned with

• A) datametric analysis.
• B) data mining.
• C) data refining.
• D) data orienteering.

---

Definitions:

Free Trade Policy

An approach by governments to increase economic prosperity by allowing goods and services to be traded across borders with minimal restrictions or tariffs.

Foreign Investment

Investment in business ventures or assets in a country by individuals or businesses from another country.

United Nations

A global organization established in 1945 to promote peace, security, and cooperation among countries worldwide.

Successful Globalization

Successful globalization refers to the process whereby businesses expand beyond their domestic borders to integrate into international markets, fostering global economic integration and growth.