A manager studies the businesss previous sales statistics (data) as well as the sales forecast before making purchasing decisions. What type of resource is the manager using? (What is another word for data?)

BUSINESS MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A manager studies the business’s previous sales statistics (data) as well as the sales forecast before making purchasing decisions. What type of resource is the manager using? (What is another word for data?)

A	Material
B	Financial
C	Human
D	Information

Explanation:

Detailed explanation-1: -Predictive sales analytics uses sales data to identify patterns in customers’ and leads’ behaviors to make future sales predictions. Hence, you can better understand your business’s financial health for the months or years to come.

Detailed explanation-2: -Predictive analytics is a form of advanced analytics that determines what is likely to happen based on historical data using machine learning.

Detailed explanation-3: -Descriptive Analysis It is the simplest and most common use of data in business today. Descriptive analysis answers the “what happened” by summarizing past data, usually in the form of dashboards.

Detailed explanation-4: -Customer Relationship Management System or CRM. Marketing technology systems. Data Warehouse systems. Analytics tools. 14-Aug-2019

There is 1 question to complete.

GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT