Prescriptive Analytics Is the Process of Using Data To

question 32

Multiple Choice

Prescriptive analytics is the process of using data to.

• A) analyze trends.
• B) predict what will happen in the future.
• C) determine the break-even point.
• D) solve linear programming problems.
• E) determine the best course of action for the future.

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Definitions:

Warehousing Functions

Activities related to the storage of goods in a warehouse such as receiving, storing, managing inventory, and preparing goods for distribution.

Push Strategy

A marketing strategy that aims to "push" products towards consumers through channels such as promotions and sales force efforts rather than creating demand through consumer interest.

Sustainable Sourcing

A process of purchasing goods and services that takes into account the long-term impact on people, profits, and planet.

Near-Sourcing

The practice of transferring a business operation or project closer to where it is consumed or where the product is sold, aiming to reduce transportation costs and time.