What Are the Two Main Objectives Associated with Data Mining

question 12

Multiple Choice

What are the two main objectives associated with data mining?

• A)uncovering tactics and plans
• B)uncovering trends and patterns
• C)uncovering intelligence and unstructured data issues
• D)uncovering competitors and market advantages

---

Definitions:

Extra Value Meal

A marketing offer by fast-food restaurants where a combination of items is sold together at a reduced price, compared to buying each item separately.

Profit Equation

Profit = Total revenue − Total cost; or Profit = (Unit price × Quantity sold) − (Fixed cost + Variable cost).

Total Revenue

the overall income generated by a business from its operations, before any expenses are deducted.

Total Cost

The complete cost of producing or acquiring a product or service, including all direct and indirect expenses.