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:

Interacting Group

A collection of individuals who communicate and work with each other directly to achieve common goals.

Identical Skills

Skills or competencies that are exactly the same across two or more individuals.

Independent Roles

Positions or functions in a group or organization where individuals work autonomously, with minimal dependence on others for the completion of tasks.

Functional Team

A group of individuals with specific roles and expertise, working together towards a common business task or objective, typically within the same department or functional area.