Data Is Useful for Understanding Individual Sales, but to Gain

question 236

Multiple Choice

Data is useful for understanding individual sales, but to gain deeper insight into a business data needs to be turned into information. Which of the following offers an example of turning data into information?

• A)Who are my best customers?
• B)What is my best-selling product?
• C)What is my worst-selling product?
• D)All of the above

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Definitions:

Valence

The worth or attractiveness of an outcome.

Higher-Level Needs

Intrinsic desires or aspirations that go beyond basic physiological or safety requirements, often related to self-actualization, esteem, and social belonging.

Motivating Workers

The process of inspiring employees to achieve high performance and exceed their work-related goals.

Employee Affinity Group

Groups within an organization formed around shared interests, characteristics, or experiences, aimed at fostering a diverse and inclusive workplace.