Data-Mining Tools Use a Variety of Techniques to Find Patterns

question 110

True/False

Data-mining tools use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making.

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Definitions:

Marketing Concept

The idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization’s goals.

Sustainability

Refers to the practice of meeting current needs without compromising the ability of future generations to meet theirs, emphasizing environmental, social, and economic stability.

Social Entrepreneurship

The practice of starting businesses with the aim of solving social problems or effecting social change, prioritizing social impact over profit.

Societal Responsibility

The obligation of businesses to contribute positively to the welfare of society and operate sustainably.