The Volume of Data Stored in Many Organizations Reached the Point

question 6

Short Answer

The volume of data stored in many organizations reached the point where it actually interferes with productivity rather than contributes to it. One solution is ___________ search.

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Definitions:

Highly Contested

Describes a situation, item, or issue that is the subject of intense competition or dispute among parties.

Price Searchers

Firms or individuals that have the flexibility to set their prices because they offer unique products or services and face little to no direct competition.

Entry Barriers

Impediments that make it difficult for new participants to enter a specific industry or business field.

Monopolistic Competition

A term often used by economists to describe markets characterized by a large number of sellers that supply differentiated products to a market with low barriers to entry. Essentially, it is an alternative term for a competitive price-searcher market.