The primary advantage of ____________ is that it enables a firm to test the feasibility of proposed changes at relatively little expense.
A)data mining
B)expert systems
C)simulation
D)benchmarking

Question

Quizplus · Accepted Answer

Simulation allows a firm to model and test proposed changes in a virtual environment, without the cost and risk of implementing the changes in the real world. This enables the firm to evaluate the feasibility and potential outcomes of different options before making a final decision. Data mining involves analyzing large sets of data to identify patterns and insights, while expert systems use artificial intelligence to replicate human decision-making processes. Benchmarking involves comparing a firm's performance to that of its competitors or industry standards. While these tools can be useful in their own right, they do not provide the same level of testing and evaluation that simulation does.

The Primary Advantage of ____________ Is That It Enables a Firm