Why Might Businesses Want to Analyze Data That Reveal What

question 305

Multiple Choice

Why might businesses want to analyze data that reveal what consumers do in the marketplace?

• A) to be able to send them tailor-made advertisements
• B) to be able to understand competitors' actions
• C) to be able to reduce production costs
• D) to be able to reduce employee turnover

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Definitions:

Sign

To write or use a symbol, like one's name, on a document as a way of acknowledging or agreeing to its terms.

Deposits

Sums of money placed in accounts within financial institutions or as security for contracts, which might earn interest over time.

Indorsement

A signature or instruction written on the back of a negotiable instrument, such as a check, transferring ownership or specifying some other transaction.

Bank

A financial institution licensed to receive deposits and provide loans to individuals and businesses.