A new "smart" refrigerator has been designed with sensors that send information to the manufacturer about the refrigerator's use and performance
One advantage of the system is that it will detect any possible performance issues before they interfere with consumer use of the refrigerator and communicate that information to both the manufacturer and consumer so that service and/or repairs can take place immediately. This is an example of ________.
A) the Internet of Things
B) a data warehouse
C) data mining
D) sentiment analysis
E) unstructured data
A
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What is the main reason that a business suffers several economic consequences when a dissatisfied customer leaves?
A) The cost of attracting a new customer is greater than retaining a current customer. B) The business's competitors enjoy a greater customer loyalty toward the same type of products. C) The amount of money spent on developing the product for the dissatisfied customer cannot be reimbursed. D) The business has to pay a large compensation fee to the customer. E) The future costs for the development of a similar product increases abruptly.
In the PAF cost model, PAF stands for ______.
A. prevention, appraisal, failure B. planning, action, feedback C. prevent, act, feedback D. planning, appraisal, feedback
A study done by Duke University and the Kauffman Foundation examined the educational backgrounds of 549 successful company founders from a wide variety of industries. The study found that these entrepreneurial leaders
a. had fewer college degrees than a matching (age-based sample) of adults due to the entrepreneurs’ focus on practical problems and making money b. had fewer college degrees than a matching (age-based sample) of adults due to the entrepreneurs’ greater cognitive ability, which allowed them to drop out of college c. were considerably better educated than average, with 95% having bachelor degrees and almost half having graduate degrees d. were average in terms of education, grades, and high school and college class rank
Which method of analysis does not consider the time value of money?
A) net present value (NPV) B) internal rate of return (IRR) C) payback D) future value of an investment (FVI)