________ Is a Process in Which Computer Software That Uses

question 90

Multiple Choice

________ is a process in which computer software that uses statistical analysis,database technology,and artificial intelligence finds hidden patterns,trends,and connections in data so that business owners can make better marketing decisions and predictions about customer's behavior.

• A)Customer Relationship Management
• B)Data Mining
• C)Data Discovery
• D)Simulation

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Definitions:

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at promoting competition and preventing monopolies by prohibiting anti-competitive practices.

Oligopoly

A market structure characterized by a small number of firms controlling the majority of the market share, leading to limited competition.

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, allowing for some degree of market power.

Technology

The application of scientific knowledge for practical purposes, especially in industry, to invent tools, devices, and systems that solve problems or enhance capabilities.