Lesson 6 Business Performance Tracking BSIT 2A

What is the fundamental questions and concerns addressed by analytics?

• Reduce cost

• Customer Feedback

• Increase profitability analysis

• Increase market profit

What is the main objective of analytics in addressing key business challenges?

• To reduce cost

• To increase market share

• To benchmark performance against goals

• To measure customer acquisition

What does the Business Performance Tracking pillar of the BASP framework focus on?

• Data analysis

• Execution and measurement

• Innovation and creativity

• Distributed knowledge

What is the purpose of tracking business performance?

• To measure customer acquisition

• To benchmark performance against goals

• To reduce cost

• To increase market share

What does the Analytics Fundamental Questions step refer to?

• Performance tracking examples

• Business analytics questions

• Reasons for tracking business performance

• Definition of performance tracking

What is the main goal of the Execution and Measurement pillar in the BASP framework?

• To monitor, measure, and analyze business performance

• To increase market share

• To reduce cost

• To measure customer acquisition

What does the Analytics and Marketing section aim to provide a state of?

• Current market trends

• Past, present, and future functions

• Customer preferences

• Competitor analysis

What are the key questions to answer business reports to measure the results of analytic based actions?

• All of the above

• Increase in average spend per customer

• Changes in sales representative coverage

• Increase in customer retention

What is the focus of the Group Project in the Fundamentals of Business Analytics course?

• Project consultation

• Project planning

• Advanced readings review

• Retail and consumer products analysis

What will be covered in the next session of the course?

• Life sciences and media and entertainment

• Project consultation

• Advanced readings review

• Retail and consumer products analysis