Which activities belong in the sales department ? relies on information from operations to understand inventory, place orders, and forecast consumer demand. Decreasing customer loyalty, increasing costs, and decreasing sales are all examples of business strategies.
A typical business organisation may consist of the following main departments or functions: Production. Research and Development (often abbreviated to R&D) Purchasing. Marketing (including the selling function) Human Resource Management. Accounting and Finance.
Which activities belong in the finance department ? Tracks strategic financial issues , including money , banking , credit , investments and assets.
Human-generated structured data includes input data , click-stream data , or gaming data .
The difference between customer facing processes and business facing processes are that customer facing processes are the processes that customers see when doing business with the company while business facing processes involve everything behind the scenes that goes into providing a good or service to a customer .
Which four elements are included in systems thinking ? Input, Process, Output, and Feedback.
Production rate , in terms of manufacturing, refers to the number of goods that can be produced during a given period of time. Alternatively, the production rate is also the amount of time it takes to produce one unit of a good.
When raw data are processed and converted into meaningful form then it is referred to as Information.
The CIO is responsible for determining the types of information the enterprise will capture, retain, analyze, and share, the CDO is responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organizations information technology. 73.
The difference between the CIO and CDO is that the CIO is responsible for the information systems through which data is stored and processed, while the CDO is responsible for the data, regardless of the information system. is responsible for collecting, maintaining, and distributing the organization’s knowledge.
What are the three primary models that a B2C business can use to operate? The three ways for a business-to-consumer business to operate are brick-and-mortar, click-and-mortar, and virtual or pure-play.
Changes automatically during creation . Dynamic reports can include updating daily stock market prices or the calculation of available inventory. A data characteristic that stands for a value that changes or varies over time.
What are three types of structured data ? Structured Data . Structured data is data that adheres to a pre-defined data model and is therefore straightforward to analyse. Unstructured Data . Semi- structured Data .
Examples of structured data include names, dates, addresses, credit card numbers, stock information, geolocation, and more. Structured data is highly organized and easily understood by machine language. Those working within relational databases can input, search, and manipulate structured data relatively quickly.
Structured data is often stored in data warehouses, while unstructured data is stored in data lakes. Structured data is easy to search and analyze, while unstructured data requires more work to process and understand. Structured data exists in predefined formats, while unstructured data is in a variety of formats.