Data Is Useful for Understanding Individual Sales,but to Gain Deeper

question 143

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 choices

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Definitions:

Neuromarketing Technique

The application of neuroscience principles to marketing, aiming to understand how consumers' brains respond to marketing stimuli and influence their decision-making.

Eye Tracking

A technology that measures where and how long a person looks at various parts of a screen or environment, often used in market research and UI/UX design.

Predictive Modeling

The use of statistical techniques to create models that can predict future events or outcomes based on historical data.

Ethical Standards

Moral principles that govern a person's or group's behavior and practices, often applied in a professional context to ensure integrity and fairness.