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________ Refers to Collections of Data That Are So Enormous

question 96

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________ refers to collections of data that are so enormous in size, so varied in content, and so fast to accumulate that they are difficult to store and analyze using traditional approaches.


Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.

Substitute Choices

Options available that can replace or serve as alternatives to others, usually in the context of consumer goods or services.

Small Business Owner

An individual who owns and operates a business that is smaller in scale in terms of revenues, employees, and operations.

Economy Of Scale

The cost advantage achieved by companies when production becomes efficient, as fixed costs are spread out over more units of output.

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