Which of the Following Statements Is True of Big Data

question 41

Multiple Choice

Which of the following statements is true of big data analytics?

• A) It analyzes customers' needs based on their proximity to a retail store.
• B) It focuses on understanding the behavior of a brand's target customers.
• C) It enables retailers and suppliers alike to gain better customer insights.
• D) It allows customers to evaluate the service quality offered by retailers.

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Definitions:

Interest Rate Parity

Holds that investors should expect to earn the same return in all countries after adjusting for risk.

Forward Market

A marketplace where futures contracts are traded, enabling parties to buy or sell assets at a future date for a price agreed upon today.

International Operations

Business activities that a company conducts outside its home country, including sales, manufacturing, and production.

Production Costs

The total cost incurred by a business to manufacture a product or to provide a service. This includes materials, labor, and overhead costs.