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</p> Signup and view all the answers

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