Relying on a Low Price to Sell a Product Reduces

question 65

True/False

Relying on a low price to sell a product reduces the product to a commodity.

---

Definitions:

Information Technology

The use of systems (especially computers and telecommunications) for storing, retrieving, and sending information.

Data Mining

A process of analyzing large datasets to discover patterns, trends, and relationships that can inform decision-making.

Environmental Scanning

The process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends.

Data Collected

Information gathered through various methods for the purpose of analysis or to inform decision-making processes.