All of the Following Are True About Using a Pre-Existing

question 8

Multiple Choice

All of the following are true about using a pre-existing (packaged) data model,except:

• A) it cannot be customized to fit the terms and business rules of a specific organization.
• B) the modeling projects require less time and money.
• C) it may be easier to share data with other organizations in the industry.
• D) it is likely to work well with other applications from the same vendor.

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Definitions:

Inflationary Environment

An economic condition characterized by a general increase in prices and fall in the purchasing value of money.

Demographic Factors

Characteristics of a population used in market research to segment consumers, such as age, gender, income, education, and marital status.

Millennials

A demographic cohort following Generation X and preceding Generation Z, typically born between the early 1980s and mid-1990s to early 2000s, known for their familiarity with communications, media, and digital technologies.

Global Marketing

A marketing strategy that consciously addresses customers, markets, and competition throughout the world.