QUIZIZZ_BA_COMPETITIVE_28032023

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

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

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

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

8. What is the main advantage of using prescriptive 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

9. What is the main advantage of using predictive 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

10. What is the primary benefit of using business analytics for decision making?

• A. Improved accuracy of decisions
• B. Increased speed of decisions
• C. Increased employee satisfaction
• D. All of the above