Question 4An e-commerce website collects, observes, and analyzes its customers' online behaviors. Then, it uses the insights gained to choose when to put certain products on sale. What business practice does this describe?1 pointPerformance measurementData-driven decision-making Organizing dataAnalytical thinking
Question
Question 4An e-commerce website collects, observes, and analyzes its customers' online behaviors. Then, it uses the insights gained to choose when to put certain products on sale. What business practice does this describe?1 pointPerformance measurementData-driven decision-making Organizing dataAnalytical thinking
Solution
This describes the business practice of Data-driven decision-making. This is because the e-commerce website is using data (customers' online behaviors) to inform its decisions (when to put certain products on sale).
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