Methods for Developing Useful Decision-Making Information from Large Data Bases

question 39

Multiple Choice

Methods for developing useful decision-making information from large data bases is known as

• A)data manipulation
• B)data monitoring
• C)data base conversion
• D)data mining

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Definitions:

Markets

Systems, institutions, procedures, social relations, and infrastructures whereby parties engage in exchange, buying and selling goods, services, or information.

Third-Degree Price Discrimination

A pricing strategy where a seller charges different prices to different customer groups based on attributes like age, location, or income.

Profit-Maximizing Monopolist

A single seller in a market who determines the optimal level of output and price to maximize profits, facing no competition.

Same Price

A situation where different products, services, or commodities are sold for an identical amount of money.