Data Is Useful for Understanding Individual Sales, but to Gain

question 258

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 these are correct.

Learn the elements of effective persuasion and decision-making strategies in marketing.

Grasp the concept and execution of writing persuasive messages following a structured plan.

Explore the dynamics of digital advertising strategies, including behaviourally targeted ads.

Understand the use of logical and emotional appeals in persuasive communication.

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Sale Occurs

The event in which goods or services are transferred from a seller to a buyer for monetary consideration.

Sales Return

Transactions that involve the returning of sold goods by customers, resulting in a reduction of revenue.

Credits

Credits are accounting entries that increase liabilities or equity accounts, or decrease asset or expense accounts.