Which of the Following Aspects of the Contemporary Business Environment

question 45

Multiple Choice

Which of the following aspects of the contemporary business environment involves using statistical methods such as regression or correlation analysis to predict consumer behavior, to measure customer satisfaction, or to develop models for setting prices, among other uses.

• A)Business Intelligence
• B)Target Costing
• C)Life Cycle Costing
• D)Benchmarking
• E)Business Process Improvement

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Definitions:

Horizontal Analysis

An analytical technique in financial statement analysis where an item or line is compared over multiple periods to identify trends or patterns.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Percentage Analysis

A financial analysis tool that expresses each item within a financial statement as a percent of a base item, facilitating comparison.

Working Capital

A financial metric representing the difference between a company's current assets and current liabilities, indicating its operational liquidity.