Which of the Following Business Strategies Has a Strong Business

question 6

Multiple Choice

Which of the following business strategies has a strong business analytics focus?

• A) Using data on historical sales to build a recommendation service for your product portfolio.
• B) Building a market presence through franchising.
• C) Building a reputation for high quality through informative advertising.
• D) Ensuring high quality through vertically integrating.

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Definitions:

Behaviourism

A theoretical approach that focuses on studying behaviors that can be observed and measured, often disregarding internal processes like cognition.

Observable Behaviour

Actions or reactions that can be seen and measured, often used in behaviorist psychology to study and modify behavior.

Cellular Activity

The various processes and functions that occur within living cells, encompassing biochemical reactions, signal transduction, and energy production.

Tranquillizers

Medications used to reduce tension or anxiety, often by depressing nervous system activity.