Transactional Data Are Now Used by Businesses as Part of

question 74

Multiple Choice

Transactional data are now used by businesses as part of

• A) survey analysis.
• B) big data.
• C) descriptive statistics.
• D) experimental studies.

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Definitions:

Lean Business Model

A strategic approach focused on minimizing waste and maximizing value in a business by optimizing processes, resources, and customer satisfaction.

Waste Elimination

The process of reducing, reusing, recycling, or disposing of waste materials to minimize their impact on the environment.

Customer Satisfaction

A measure of how products and services supplied by a company meet or surpass customer expectations.

National Quality Award

An accolade given to companies that exhibit outstanding quality management and operational excellence.