Business Analytics for Retailers
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Questions and Answers

What is the main purpose of a pivot table in the context of business intelligence?

  • To examine customer regional distribution and advertising source (correct)
  • To measure key performance indicators
  • To enhance decision-making for senior management
  • To create a balanced scorecard framework
  • What is the primary goal of decision-support for senior management?

  • To focus on unimportant performance information
  • To create a pivot table
  • To measure outcomes on four dimensions
  • To help executives focus on important performance information (correct)
  • What is the balanced scorecard framework used for?

  • To measure key performance indicators
  • To examine customer regional distribution
  • To operationalize the firm's strategic objectives along four dimensions (correct)
  • To create a pivot table
  • What is the main purpose of key performance indicators (KPIs)?

    <p>To measure each dimension of the balanced scorecard framework</p> Signup and view all the answers

    What is the relationship between the break-even point and the sales price and cost to make each unit?

    <p>The break-even point is directly proportional to the sales price and cost</p> Signup and view all the answers

    What is the primary benefit of using a balanced scorecard framework?

    <p>It provides a comprehensive view of the firm's performance</p> Signup and view all the answers

    What is the role of the balanced scorecard method in decision-making?

    <p>It provides a framework for measuring performance along four dimensions</p> Signup and view all the answers

    What is the purpose of examining customer regional distribution and advertising source?

    <p>To inform business decisions and improve customer engagement</p> Signup and view all the answers

    What is the primary goal of business intelligence constituencies?

    <p>To enhance decision-making for senior management</p> Signup and view all the answers

    What is the main benefit of using key performance indicators (KPIs)?

    <p>They provide a quantifiable assessment of the firm's performance</p> Signup and view all the answers

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