In the Patent Analysis Case Study, Text Mining of Thousands

question 64

True/False

In the patent analysis case study, text mining of thousands of patents held by the firm and its competitors helped improve competitive intelligence, but was of little use in identifying complementary products.

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Definitions:

Expenses

Outflows or other uses of assets or incurring of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity's ongoing major operations.

Earning Revenue

The process of generating income from business activities over a period, typically from the sale of goods and services.

Net Income

The profit of a company after all expenses, including taxes and costs, have been deducted from total revenue.

Net Profit

The actual profit after working expenses not included in the calculation of gross profit have been paid.