QUIZIZZ_BA_COMPETITIVE_28032023

QUIZIZZ_BA_COMPETITIVE_28032023

University

14 Qs

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QUIZIZZ_BA_COMPETITIVE_28032023

QUIZIZZ_BA_COMPETITIVE_28032023

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Mohan K

Used 1+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

1. What is the primary goal of using business analytics for competitive advantage?

A. To increase revenue
B. To reduce costs
C. To improve customer satisfaction
D. All of the above

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

2. Which of the following is NOT a benefit of using business analytics?

A. Improved decision making
B. Increased revenue
C. Decreased employee satisfaction
D. Reduced costs

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

3. What is the main advantage of using descriptive analytics for competitive advantage?

A. It helps predict future outcomes
B. It provides a recommended course of action
C. It helps understand historical data
D. It helps determine the cause of a problem

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

4. Which type of analytics is used to optimize business processes?

A. Descriptive Analytics
B. Diagnostic Analytics
C. Predictive Analytics
D. Prescriptive Analytics

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

5. Which step in the problem-solving process involves selecting the best solution to the problem?

A. Define the Problem
B. Gather Data
C. Analyze the Data
D. Evaluate the Alternatives

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

6. How can business analytics be used to gain a competitive advantage?

A. By improving customer satisfaction
B. By reducing costs
C. By increasing revenue
D. All of the above

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

7. Which type of analytics is used to understand why a problem occurred?

A. Descriptive Analytics
B. Diagnostic Analytics
C. Predictive Analytics
D. Prescriptive Analytics

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