The Mathematical Results of Business Analytics Are Used to Automate

question 33

True/False

The mathematical results of Business Analytics are used to automate decision making and eliminate the decision maker.

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Definitions:

Standard Markup Pricing

A pricing strategy where a fixed percentage is added to the cost of a product to determine its selling price.

Fixed Percentage

refers to a constant proportion or rate applied, such as a fixed percentage discount on sales or a fixed percentage for calculating commissions.

Sales Volume

The quantity of products or services sold within a specific period, often used as a measure of business performance.