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Business Intelligence BI) Tools and Techniques Process Data and Do

question 8

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Business intelligence BI) tools and techniques process data and do statistical analysis for insight and discovery-that is, to discover meaningful relationships in the data, keep informed of real time, gain insight, detect trends, and identify opportunities and risks.


Definitions:

Logistics

The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption.

Marketing

The activities, strategies, and processes used to promote and sell products or services to a target audience.

Customer Profitability Analyses

The method of determining the profit margin and overall profitability of individual customers to guide business strategies.

Gross Sales

The total revenue generated from sales of goods or services before any deductions are made, such as returns, allowances, and discounts.

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