Foundations of Business Analytics Quiz

• The process of transforming data into actions through analysis and insights
• The use of data and technology to gain insight and make informed decisions (correct)
• The use of statistical analysis and mathematical models to improve business operations
• The use of quantitative methods and computer-based models to solve organizational problems

• Marketing, advertising, and sales
• Supply chain management, production planning, and inventory control
• Human resources, financial management, and strategic planning
• Pricing, customer segmentation, and merchandising (correct)

• To reduce costs and expenses
• To help managers gain improved insight about their business operations (correct)
• To increase sales and revenue
• To improve customer satisfaction and loyalty

<p>Financial management (A)</p> Signup and view all the answers

<p>Data-driven decision making (A)</p> Signup and view all the answers