What is the other application of Factorization method?

What is the other application of Factorization method? Correct Answer Finding inverse of a matrix

We can even find the inverse of a matrix using factorization method. This can be done by finding inverse of the intermediate matrices and then using them to find the inverse of the desirable matrix.
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What is the other name for factorization method?
Why factorization method is preferred over other methods?
Which of the following are methods of calculating goodwill?
1. Average profit method
2. Super profit method
3. Log method
4. Sum of years digit method
5. Capitalisation of average profit method
6. Capitalisation of super profit method
7. FIFO method
Select the correct answer:
What is the condition applied in the factorization method?
The LU method of factorization was introduced by the mathematician____________
Factorization can be viewed as matrix form of Gauss Elimination method.