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BUSINESS ANALYTICS 3RD EDITION EXAMINATION TEST COMPLETE QUESTIONS AND ANSWERS

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BUSINESS ANALYTICS 3RD EDITION EXAMINATION TEST COMPLETE QUESTIONS AND ANSWERS

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BUSINESS ANALYTICS 3RD EDITION
EXAMINATION TEST COMPLETE QUESTIONS
AND ANSWERS

◉ Give an example of how a fast-food restaurant uses Business
Analytics.
Answer: By analyzing sales records, they discover that fried chicken
meals sell the most on weekends and adjust inventory accordingly.


◉ What are some ways Business Analytics can improve customer
satisfaction?
Answer: By understanding customer preferences and behaviors to
provide better products and services.


◉ How does Netflix use Business Analytics?
Answer: By analyzing users' viewing history to recommend movies
and TV series based on their interests.


◉ What is one way Business Analytics can increase profit?
Answer: By identifying sales trends and customer behavior to create
targeted promotions.


◉ How can a supermarket reduce costs using Business Analytics?

, Answer: By analyzing inventory records to minimize waste from
expired products.


◉ What competitive advantage does Business Analytics provide?
Answer: It enables organizations to make smarter decisions and
respond quickly to market changes.


◉ How can ride-hailing services use Business Analytics?
Answer: By analyzing customer demand and traffic patterns to
position drivers in high-demand areas.


◉ What is the Business Analytics Process?
Answer: A cycle that involves collecting, cleaning, analyzing,
interpreting data, and making decisions based on the results.


◉ What steps are involved in the Business Analytics Process?
Answer: Collect Data, Clean and Organize Data, Analyze Data,
Interpret Results, Make Decisions, Monitor Results.


◉ What is a potential problem a milk tea shop might analyze using
Business Analytics?
Answer: Declining sales, which can be addressed by identifying
customer preferences and peak hours.

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