y name is Elise and I am majoring in Business Administration here at SNHU! I am excited to be part of this discussion on the role of spreadsheets in management decision-making. I have a background in leadership, and wish to grow that into management! One example of a situation where data could help me make an informed decision is in inventory management for a retail business. Let's say I'm managing a clothing store, and I need to decide how much stock to order for the upcoming season. To making an informed decision, I would need data on several factors, including historical sales data for similar seasons, current trends in the fashion industry, customer demographics and preferences, and the anticipated changes in demand due to factors like holidays or promotional events. By analyzing this data, I can forecast demand more accurately and avoid overstocking or understocking, thereby optimizing inventory levels and maximizing sales potential. The data that could help my decision-making in this scenario would include: 1. Historical Sales Data 2. Market Research 3. Customer Data 4. Seasonal Trends and External Factors By leveraging this data, I can make data-driven decisions that minimize risk and maximize profitability for my retail business