Data Mining Is the Process of Searching Through Dormant Databases

question 59

True/False

Data mining is the process of searching through dormant databases looking for previously lost information that may have some value to the company.

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Definitions:

Time To Market

The duration of time from the conception of a product until it is available for sale, with shorter times often providing competitive advantage.

Product Development

The process of bringing a new product from concept to market, involving market research, design, development, and launch stages.

Inbound Transportation Costs

Expenses related to bringing raw materials or products into a facility, including freight, shipping, and handling fees.

Material

Substances or components that are used in the production or manufacturing of goods.