The value of information can best be defined as a) how useful it is to decision makers. b) the benefits produced by possessing and using the information minus the cost of producing it. c) how relevant it is. d) the extent to which it maximizes the value chain.
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- CHOOSE THE BEST ANSWER. PLEASE ANSWER AS SOON AS POSSIBLE 1- What is the best need/benefit-oriented approach to defining a car? Descriptions of a car's engine size and features Outlining the warranty that comes with the car Describing how it provides more efficient and reliable transportation Showing the beautiful color and styling 2- What is the best way for TWU to define their "market" in a marketing sense? the location of their buildings current and potential students the faculty and staff delivering the product the mix of programs they offer 3- Which of the following is not recommended for a marketing plan? Communicate the plan to appropriate managers. Once you have a good plan in place, do not change it for at least a year. Marketing plans should be creative. Use common sense. 4- Which of the following is not a current trend (described in book/class)? Increasing consumer demands Decreasing price sensitivity among consumers Overall…1. How IS is different from IT? 2. What are Management Information Systems? 3. Which type of analysis is usually performed by decision support systems?Usually we distribute questionair or survey to get answers from audiance. But can we use questionair or survey to get Questions or concerns from the audiance toward a specific theme/subject??
- Causitive Which of the following is/are advantage/s of Big Data Processing? Businesses can utilize outside intelligence while taking decisions Improved customer service O Better operational efficiency O All of the options4. Explain each key ingredients. (i) The value of the good or service should be determined. (ii) There should be willingness to buy the product. (iii) The demander should have the purchasing power to buy that good or service.Discuss the concept of data warehousing and its role in decision support systems. How does it differ from traditional transactional databases, and what are its benefits?
- Based on the underlying research, which of the following statements accurately interprets the model (above) for the relationship between SFA usage and its outcomes? SFA usage increases the integration and application of customer information which directly improves salesperson performance. Job experience positively influences SFA usage and that increase in SFA usage results in greater salesperson adaptability which indirectly improves relationship quality. SFA usage increases the integration and application of customer information which directly improves the relationship quality with customers. Job experience negatively influences the integration and application of customer information which directly improves salesperson.marketing company is facing some issues with his new marketing strategy since the data he and his team gathered from surveys wasn’t compatible with the analysis tool they’re most comfortable using. Which of the following current issues in Data Warehousing best describes the given scenario? * The company cannot have access to the data. The data gathered by the company is unusable. The data gathered by the company is impossible to understand. The company cannot find the needed data. Which of the following is NOT a characteristic of a Data Warehouse? * A data warehouse is most often than not, normalized. All of the above are characteristics of a data warehouse. The data stored in a data warehouse is usually large. The data stored in a data warehouse came from sources, both inside and outside the organization.Good problem statement includes both a statement of: Select one: a. research objectives and research hypothesis b. research hypothesis and research questions c. research topic and research objectives d. research objectives and research questions When we are reasoning from the specific to the general, we are using ____________contrast, when we are reasoning from the general to the specific, we are using __________ reasoning. In reasoning. Select one: a. Theoretical; predictive b. Deductive; inductive c. Inductive; deductive d. Predictive; theoretical
- Please do not give solution in image formate thanku A multinational corporation with a focus on the construction sector is KLM Corporation. You have a new project involving IT in the construction business that you want to conduct. You've come to the realization that the majority of IT projects offer many construction organizations an excellent chance to generate large money. Therefore, you feel certain that you can complete this job and immediately begin the IT project. Which bias(es) influence your choice(s)? Talk about the choices you made based on cognitive biases and describe any biases that might have affected your choices.---Please do not use chatgpt or any aiA Marketing Information System consists of at least four (4) elements: internal data/records, marketing intelligence, decision tools/models and marketing research. They are extremely useful because they help managers to make better decisions that satisfy clients, reduce risk, save money or enhance profits. 1. Design a Marketing Information System for an organisation of your choice. Select the components of the System that in your opinion are the most desirable for the organisation you have selected. 2. Explain why you have selected these components and how you expect them to assist marketing managers with their decision making.8 of 31 When an FM implements cost containment opportunities that may impact customers or employees, it is best to NOT consider: Modeling by Management One way communication Two way communication Transparency