A Data Mine Is a Large Database That Holds Information

question 14

True/False

A data mine is a large database that holds information to analyze pricing trends.

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Definitions:

New Buy

A purchasing situation in which a buyer acquires a product or service for the first time, representing the highest level of decision-making involvement.

Geographically Concentrated

Refers to businesses, populations, or industries that are heavily localized within a specific area or region.

B₂B Buying

The process by which one business purchases goods or services from another business for use in production, resale, or general business operations.

B₂C Buying

The purchasing process in which businesses sell products or services directly to consumers, typically through retail or online channels.