By Utilizing Business Analytics, a Company Can Learn Which One

question 15

Multiple Choice

By utilizing business analytics, a company can learn which one of the following?

• A) Which products are moving slowly versus which products are moving quickly
• B) Which products have been sold in the past 3 months
• C) Who is likely to buy the product in a given period of time
• D) Where each product sits (warehouse, store or factory location)
• E) The suppliers who contributed to the manufacturing of the product

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Definitions:

Sales Revenue

The total amount of money generated from the sale of goods or services before any costs or expenses are deducted.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit, showing how much each unit contributes to covering fixed costs and earning profit.

Operating Income

The profit earned from a firm's normal core business operations, excluding deductions of interest and taxes.