Business Intelligence (BI)is a Term Used to Describe a Range

question 39

Short Answer

Business intelligence (BI)is a term used to describe a range of different applications and technologies used to extract and analyze large amounts of data to aid in decision making,is also referred to as ______________________,

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Definitions:

Arbitrage

The practice of buying and selling the same assets in different markets to take advantage of differing prices for the same asset.

Antitrust Laws

Legislation enacted to prevent monopolies or unfair business practices that restrict free competition, thereby protecting consumers and ensuring a fair market environment.

Natural Monopoly

A type of monopoly that exists due to the high cost or complexity of operating in a specific industry, which effectively prevents other competitors.

Monopoly Inefficiency

The loss of economic efficiency that occurs when a single firm controls the market, leading to higher prices and lower product quantity or quality than in competitive markets.