Knowee
Questions
Features
Study Tools

An 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 pointData-driven decision-making Analytical thinkingPerformance measurementOrganizing data

Question

An 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 pointData-driven decision-making Analytical thinkingPerformance measurementOrganizing data

🧐 Not the exact question you are looking for?Go ask a question

Solution

This business practice can be described as "data-driven decision-making."

Similar Questions

Question 4An airline collects, observes, and analyzes its customers' online behaviors. Then, it uses the insights gained to choose what new products and services to offer. What business process does this describe?1 pointPerformance measurementData-driven decision-makingCollaboration with stakeholdersAnalytical thinking

Which of the following describes the process of turning data points into useful information?answerMarket analysisData analyticsData-driven business decisionsRaw data collection

Which "I" focuses on leveraging data and analytics to gather insights into customer behavior in the 6 Is of e-marketing?Question 47Answera.Intelligenceb.Interactivityc.Independence of Locationd.Industry Structure

A company is receiving negative comments on social media about their products. To solve this problem, a data analyst uses each of their five analytical skills: curiosity, understanding context, having a technical mindset, data design, and data strategy. This makes it possible for the analyst to use facts to guide business strategy and figure out how to improve customer satisfaction. What is this an example of?1 pointData-driven decision-makingData science Gap analysis Data visualization

A traditional brand wants to enter the e-commerce industry. As the business analyst employed by this brand, which of the following studies will you conduct?1) Analyse current sales performance with updated sales records2) Analyse current financial performance3) Collect the market data of your own sales categories on various e-commerce platforms to analyse industry size, analyse the industry by collecting the market data of the company's sales categories on various e-commerce platforms4) Collect the best-selling products of your own sales categories on various e-commerce platforms to analyse the characteristics of best-selling productsQuestion 14Select one:a.1,2b.2,3c.3,4d.1,4

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.