Answer: Data mining
Explanation: Patterns and relationships as indicated are discovered through a technique known as data mining, which is defined as the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in data or relationships among variables. It is also given as a technique for searching large scale databases for patterns; used mainly to find previously unknown correlations between variables that may be commercially useful.
Answer:
the answer is C. auction off a limited number of sheep-grazing permits.
Explanation:
Answer:
b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.
Explanation:
The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.
The Porter's five forces of competition framework are:
1. The bargaining power of suppliers.
2. The bargaining power of customers.
3. Threat posed by substitute products.
4. Threats posed by new entrants.
5. Threats posed by existing rivals in the industry.
The most powerful of the five competitive forces is usually the competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage. When the amount of competitors (sellers), as well as the quantity of goods and services they provide are large, the lesser their competitive strengths or advantage in the market because the customers have a large pool of finished goods and services to choose from and vice-versa.
Answer:
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Explanation:
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Answer:
C. subsidizing: taxing
Explanation:
An activity generates a positive externality if the benefits of economic activities to third parties exceeds its costs.
Example of activities that generate positive externality are education and research.
Government ought to encourage the production of activities that generates postive externality. One of the ways this can be done is through Subsidy. Subsidy reduces cost of production and increases production.
An activity generates negative externality if the benefits of economic activities to third parties is less its costs.
An example of negative externality is pollution.
Government can discourage activities that generates negative externality by taxation. Taxation increases the cost of production and discourages production.
I hope my answer helps you
