Data Is Worth Its Cost When an Appropriate Relationship Exists

question 59

True/False

Data is worth its cost when an appropriate relationship exists between the cost of data and its value.

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Definitions:

Curiosity

A strong desire to know or learn something, often driving exploration and discovery.

Low-Profile

Maintaining a position of limited public attention or visibility, often to avoid scrutiny or maintain privacy.

Customer Knowledge

The information and understanding a business holds about its customers, including preferences, behaviors, and purchasing patterns, crucial for effective marketing and sales strategies.

Opinion

A personal view, attitude, or appraisal by an individual, which can influence their purchasing decisions but is not based on objective facts.