A Retailer Uses Sophisticated Software to Evaluate Large Quantities to Uncover

question 110

Multiple Choice

A retailer uses sophisticated software to evaluate large quantities to uncover emerging trends.This illustrates ________.

• A) data warehousing
• B) data mining
• C) experimentation
• D) simulation

---

Definitions:

Childcare Center

A facility that provides care and education for young children, often including activities designed to promote their physical, social, and cognitive development.

Society's Interests

The collective well-being and preferences of a community or nation, which may encompass economic prosperity, environmental sustainability, and social justice.

Coordination Problem

A coordination problem occurs when parties involved in an economic activity struggle to choose their strategies in a manner that leads to an optimal outcome for all due to a lack of information or a misalignment of incentives.

Centrally Planned Economies

Economic systems where all production, investment, prices, and incomes are determined by the government or a central authority.