Answer:
Data mining
Explanation:
Data mining is the process in which we can extract the raw data into useful data that would become beneficial for the company.
Large data is available and if we take the data i.e important or useful so this process we called data mining
In the given situation, it is discovered that when the consumers purchased a sandwich so many customers purchased toothpaste along with it. And for extracting the hiding information from its MIS the store used the data mining technique.
Answer:
The "Employee salaries and wages" in the flexible budget for December is $85,200
Explanation:
To compute the employee salaries and wages in the flexible budget we have to use the formula which is given below:
= (Fixed element of employee salaries and wages) + (variable element of employee salaries and wages × number of wells service during the year)
= ($56,400) + ($900 × 32 wells)
= $56,400 + $28,800
= $85,200
Other information which is given in the question is irrelevant, thus it is not considered in the computation part.
Hence, The "Employee salaries and wages" in the flexible budget for December is $85,200
It will lose revenue
<h3>What is the relation between elastic demand and price change?</h3>
An elastic demand responds proportionately to changes in price and is present in products or services that have substitutes.
It implies that if a good's price goes up, less people will want it. The opposite is also true; if the price drops, the demand will increase.
On the other side, elasticity describes the effect of prices on consumer demand for goods, and there are a number of important elements that affect this relationship:
- Need for the good (or product)
- The availability of alternatives or substitutes for those commodities
- Time
Learn more about elastic demand here:
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<span>Country alpha's gdp will be approximately "one-half" of the country beta.
</span>
GDP stands for Gross domestic product and it refers to the total economic output of any country which means the measure of cash a nation makes. Gross domestic product per capita is the aggregate yield isolated by the quantity of individuals in the population, so you can get a figure of the normal yield of every individual, i.e., the normal measure of cash every individual makes.