Why Might Businesses Want to Analyze Data That Reveal What

question 305

Multiple Choice

Why might businesses want to analyze data that reveal what consumers do in the marketplace?

• A) to be able to send them tailor-made advertisements
• B) to be able to understand competitors' actions
• C) to be able to reduce production costs
• D) to be able to reduce employee turnover

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Definitions:

Stereotyping

The act of assigning generalized attributes, beliefs, or behaviors to individuals based on their membership in a particular group, often without regard for individual differences.

Diversity Awareness

The recognition and acceptance of the importance of diversity in an organization, leading to a more inclusive workplace.

Categorical Thinking

refers to the cognitive process of organizing information and experiences into categories for easier understanding and decision-making.

MARS Model

A framework identifying four factors (Motivation, Ability, Role perceptions, and Situational factors) that influence individual behavior and performance at work.