BI Can Help Managers with ________, Where a Company Keeps

question 19

Multiple Choice

BI can help managers with ________, where a company keeps tabs of its competitor's activities on the web using software that automatically tracks all competitor website activities such as discounts and new products.

• A) Comparative analysis
• B) Competitive monitoring
• C) Data-driven decision management
• D) Source data

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Definitions:

Marginal Product

The increase in output that results from employing one more unit of a production factor, holding all other factors constant.

Income Distribution

How a nation’s total GDP is distributed amongst its population.

Income Effect

Refers to the change in an individual's or economy's income and how that change will impact the quantity demanded of a good or service.

Substitution Effect

The change in quantity demanded as consumers switch to or from alternatives when the price changes.