_____ Is(are) Raw, Unsummarized, and Unanalyzed Facts

question 87

Multiple Choice

_____ is(are) raw, unsummarized, and unanalyzed facts.

• A)Sociofacts
• B)Data
• C)Information
• D)Feedback
• E)Statistics

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Definitions:

Earn More Profit

Refers to the increase in net revenue a company achieves through strategies such as cost reduction, price adjustment, or market expansion.

Elastic Demand

A condition in which the percentage change in quantity demanded of a product is greater than the percentage change in its price, indicating high sensitivity to price changes.

Senior Citizens

Individuals who are considered elderly, typically qualifying for certain benefits at a particular age, often 65 or older.

Profit-Maximizing

A strategy or behavior aimed at making the highest possible profit, where marginal costs equal marginal revenues.