Simpa Networks Used Business Analytics to Decide Which Families and Businesses

question 46

Multiple Choice

Simpa Networks used business analytics to decide which families and businesses to support with __________.

• A) fiber-optic cable
• B) internet access
• C) solar energy
• D) water

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Definitions:

Technological Advance

The progress or development in technology, leading to new products, processes, or systems.

Preferred Mix

The optimal combination or assortment of goods, services, investments, or resources desired by an individual, firm, or economy.

Inverted-U Theory

A concept suggesting that there is an optimum level of a variable, beyond which its effect begins to decline or become negative, often applied to the relationship between income inequality and economic development.

Market Concentration Ratio

A measure used to determine the level of competition within a market by analyzing the market share of the largest firms within the industry.