5 Questions
Which of the following best describes business analytics?
The use of data and technology to gain insight and make informed decisions
What types of decisions can be enhanced by using analytics?
Pricing, customer segmentation, and merchandising
What is the main goal of business analytics?
To help managers gain improved insight about their business operations
Which of the following is NOT a component of business analytics?
Financial management
What is the process of transforming data into actions through analysis and insights called?
Data-driven decision making
Test your knowledge on the foundations of business analytics and gain insight into the use of data, statistical analysis, and quantitative methods to improve business operations. Explore topics like introduction to business analytics and analytics on spreadsheets.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
