______________________________ Refers to the Exploration, Aggregation, and Analysis of Large

question 149

Short Answer

______________________________ refers to the exploration, aggregation, and analysis of large quantities of varied data from across the organization.

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Definitions:

Price Elastic

Describes the responsiveness of the quantity demanded or supplied of a good to a change in its price; high elasticity indicates a significant response to price changes.

More Substitutes

The increase in alternative products or services that can replace or serve as options to a current product.

Demand Is Inelastic

A situation where the quantity demanded of a product changes very little in response to changes in its price.

Total Revenue

The overall amount of money generated from the sale of goods or services before subtracting any expenses.