Determine If the Following Is Data, Information or Knowledge

question 14

Short Answer

Determine if the following is data, information or knowledge.
$$\begin{array} { | l | l | } \hline \text { Data } & \begin{array} { l } \text { This is the third visit by a customer this } \\\text { month. }\end{array} \\\hline \text { Infornation } & \begin{array} { l } \text { A customer spends on average } \\\text { \$100/visit but today has only spent \$20. }\end{array} \\\hline \text { Krowledge } & \begin{array} { l } \text { A customer will stay longer in the store } \\\text { and spend more if given a free sarnple } \\\text { of something. }\end{array} \\\hline\end{array}$$

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Definitions:

Material Flow

The movement, storage, control, and protection of materials, goods, and products throughout the process of manufacturing, warehousing, distribution, consumption, and disposal.

Minimize Distance

The objective to reduce the total length or travel time between points, often in logistics, routing, or layout planning.

Material Handling Costs

Expenses associated with the moving, storing, and controlling materials and products.

Process-oriented

Focuses on the methods, steps, or procedures involved in accomplishing a task, emphasizing efficiency and effectiveness in operations.