Opportunities for Businesses to Use Data Analytics in Making Decisions

question 118

Multiple Choice

Opportunities for businesses to use data analytics in making decisions include all of the following except

• A)what type of sales discount to offer.
• B)policies regarding sales returns.
• C)which customers should be granted credit.
• D)All of these are opportunities to use data analytics.

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Definitions:

Sales Price

The total cost that a consumer incurs to buy a product or service from a merchant.

Fixed Costs

Expenses that do not change with variations in the level of output or sales, such as rent, salaries, and insurance.

Variable Cost

Expenses that change in direct relation to production levels or sales figures.

Depreciation Expense

The methodical distribution of the expense of a physical asset throughout its expected lifespan.