Data Mining Offers Organizations Two Essential Benefits

question 16

Multiple Choice

Data mining offers organizations two essential benefits. It allows organizations to predict future sales and it

• A) allows organizations to predict profitability.
• B) allows organizations to advertise more.
• C) makes it easier for them to generate sales.
• D) makes managers more accountable.
• E) provides a means of profiling the "best'' and the "worst" customers.

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Definitions:

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at various price levels.

Current Income

The total amount of money received by an individual or entity in a specified period from various sources, including wages, investments, and other earnings.

Higher Income

Earning more revenue or profit than the average or a predetermined benchmark.

Shotgun-Shell Ammunition

Ammunition specifically designed for use in a shotgun, consisting of a casing filled with shot or a slug.