Business Intelligence
Is Information Collected From Multiple Sources Such As Suppliers, Customers, Competitors, Partners, And Industries That Analyzes Patterns, Trends, And Relationships For Strategic Decision Making.
What is a collection of parts that link to achieve a common purpose?
A system
is a collection of parts that link to achieve a common purpose.
What is the suppliers ability to influence the prices?
Bargaining power
refers to the ability of a firm’s customers to influence the prices of the products and services it sells and suppliers to set the prices the firm pays for materials and services that it buys.
What is the primary difference between information and business intelligence?
What is the primary difference between information and business intelligence?
Information primarily focuses on internal variables
. BI manipulates multiple variables including both internal and external variables.
Which department manages the process of converting or transforming resources into goods or services multiple choice Sales Operations Management Accounting Marketing?
The operations management department
manages the process of converting or transforming resources into goods or services.
In what cases there is a high power of suppliers?
Supplier power is high
if the buyer is not price sensitive and uneducated regarding the product
. If the supplier’s product is highly differentiated, then supplier bargaining power is high. The bargaining power of suppliers is high if the buyer does not represent a large portion of the supplier’s sales.
Who are the suppliers in the industry?
Depending on the industry, there are various types of suppliers. A list of types includes:
Manufacturers and Vendors
: Sell products to distributors, wholesalers, and retailers. Distributors and Wholesalers: Purchase goods in medium/high quantity for sale to retailers or local distributors.
What is the best example of a mutual benefit organization?
Some examples of mutual benefit organizations include:
Chambers of commerce
. Labor unions. Business leagues.
What is a common purpose graduate?
According to one Common Purpose “graduate” who spoke to the BBC, Common Purpose’s activities seem innocent enough:
delegates attend a week-long residential course
, where the emphasis is on personal development and making new contacts.
What are the three key elements of a visionary organization?
At their most basic level organizations exist to accomplish something for someone. Successful visionary organizations use this foundation to guide and inspire their employees through three elements:
core values, mission, and organizational culture
.
How technology is used in business intelligence?
While improving data governance and oversight, it allows IT businesses to focus on end-user needs and help them to analyze trends. Success from business intelligence means, success from all user data streams. BI empowers the IT industry immensely, and businesses can use
it to make users experience data-driven
.
What is difference between business intelligence and analytics?
The major difference between business intelligence and business analytics is
the questions they answer
. Business intelligence focuses on descriptive analytics BI prioritizes descriptive analytics, which provides a summary of historical and present data to show what has happened or what is currently happening.
What is business intelligence in Knowledge Management?
Business intelligence is the
process by which enterprises use strategies and technologies for analyzing current and historical data
, with the objective of improving strategic decision-making and providing a competitive advantage.
What are the input resources to any transformation process?
What are the input resources to any transformation process?
Staff, facilities, materials, information and customers
.
What are the two line functions in a business organization?
Operations and sales
are the two line functions in a business organization. All other functions—accounting, finance, marketing, IT, and so on—support the two line functions.
What are the main documents operations managers use for productions?
Gantt and PERT charts
are two of the most common graphical tools used by operations managers to diagram the activities involved in producing goods.
