Because of the Very Large Amount of Data and the Costs

question 41

Short Answer

Because of the very large amount of data and the costs associated with BI applications, small and mid-sized companies with limited IT staff and budgets sometimes use a new cloud based BI architecture called ________________.

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Definitions:

Supply Function

The mathematical relationship showing the quantity of a good or service that producers are willing to sell at each possible price.

Market Demand Curve

A graphical representation that shows the quantity of a product that consumers are willing and able to buy at various prices.

Cost Function

Represents the relationship between the cost of producing a good and the quantity produced, highlighting how costs change with changes in production volume.

Inverse Demand Function

A mathematical representation that expresses price as a function of quantity demanded, illustrating how price can influence the quantity of a good that consumers are willing to buy.