The Figure Below Displays the Process of Creating a New

question 19

Essay

The figure below displays the process of creating a new variable to be used in analyzing data in the Power BI desktop. Describe the specific measure being created, identifying each part of the formula: ProfitMargin = ProductData[ListPrice] - ProductData[StandardCost]

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Definitions:

Package Carrier

A company or service that specializes in the delivery of parcels and documents from one location to another.

Drop-Shipping

A product fulfillment strategy in retail where the store doesn't maintain an inventory of the items it sells. Rather, upon selling a product, the store orders it from a third party and arranges for it to be delivered straight to the buyer.

Manufacturer Storage

A logistics strategy where the manufacturer holds stock, typically in a warehouse, until it is ordered by retailers or customers.

Last Mile Delivery

The final step of the delivery process from a distribution center or facility to the end customer's destination, often seen as key to customer satisfaction and efficiency in logistics.