FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your grandparents have owned and operated a small hardware store for over 30 years. While in town visiting them, you realize there are a variety

Your grandparents have owned and operated a small hardware store for over 30 years.


While in town visiting them, you realize there are a variety of ways they can incorporate


Business Intelligence (BI) to improve their business operations.


Question: Provide two examples of Business Intelligence (BI) they can implement and how these types of BI can positively impact their current operations.


* Please provide with accurate answers only

Step by Step Solution

★★★★★

3.44 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

One example of Business Intelligence BI they can implement is by using data analytics to track customer purchasing patterns This information can help ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Marketing

Essentials of Marketing

Authors: William D. Perreault, Joseph P. Cannon

13th edition

78028884, 978-0078028885

More Books

Students also viewed these Human Resource Management questions

Question

★★★★★
A friend has owned and operated a small recreational vehicle camp on a lake in Daytona Beach, Florida. It is close to the ocean and close to the Daytona Speedway, home of the Daytona 500 and a host...

Answered: 1 week ago

Question

★★★★★
You operate a small hardware store with emphasis on manufacturer brands and have barely been breaking even. Evaluate the proposal of a large wholesaler that offers a full line of dealer-branded...

Answered: 1 week ago

Question

★★★★★
You operate a small hardware store with emphasis on manufacturer brands and have barely been breaking even. Evaluate the proposal of a large wholesaler that offers a full line of dealer-branded...

Answered: 1 week ago

Question

★★★★★
Two experienced managers at Wilson Boat, Inc. are resisting the introduction of a computerized exponential smoothing system, claiming that their judgmental forecasts are much better than any computer...

Answered: 1 week ago

Question

★★★★★
How can gel-filtration chromatography be used to arrive at an estimate of the molecular weight of a protein?

Answered: 1 week ago

Question

★★★★★
How can the problem of inconsistency between managers who are rating workers be solved or at least diminished? Make two or more suggestions. LO.1

Answered: 1 week ago

Question

★★★★★
A group of m customers frequents a single-server station in the following manner. When a customer arrives, he or she either enters service if the server is free or joins the queue otherwise. Upon...

Answered: 1 week ago

Question

★★★★★
For each of the following, indicate whether the statement is true or false and include a brief explanation for your answer. a. A pension trust fund appears in the government-wide financial statements...

Answered: 1 week ago

Question

★★★★★
Use the following information to calculate the cost of goods sold for the period Beginning Finished Goods Inventory Ending Finished Goods Inventory Cost of Goods Manufactured $ 26,500 25,000 133,800...

Answered: 1 week ago

Question

★★★★★
Tree Top Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Tree Top Company decided to carry and sell T-shirts with its logo...

Answered: 1 week ago

Question

★★★★★
Please put in Excel

Answered: 1 week ago

Question

★★★★★
"Saeed Al-Ghamdi" is the third employee to enter your office today, expressing his objection to the promotion of "Abdullah Ahmed" to a supervisory position, even though he only spent one year in the...

Answered: 1 week ago

Question

★★★★★
Loyalty to the organization is the paramount duty. It requires the individual to put the interests of the corporation before self-interest. Specifically, no director is permitted to gain personally,...

Answered: 1 week ago

Question

★★★★★
M&M Company manufactures a single product the claud . the following budgeted figures relate to the claud for one year period. Sales & production (units) 800 Sales $16,000 Production Costs: Variable...

Answered: 1 week ago

Question

★★★★★
You delegated the development of dessert recipe cards to Bobby. Bobby has completed the dessert cards ready for the deadline of March 10 th . Bobby has met with you to go through the dessert....

Answered: 1 week ago

Question

★★★★★
Question 19 (3 points) Listen Thames Inc.'s most recent dividend was $2.5 per share (Do = $2.5). The dividend is expected to grow at a rate of 4% per year. The risk-free rate is 3% and the return on...

Answered: 1 week ago

Question

★★★★★
Campbell Company incurs annual fixed costs of $80,745. Variable costs for Campbell's product are $22.05 per unit, and the sales price is $35.00 per unit. Campbell desires to earn an annual profit of...

Answered: 1 week ago

Question

★★★★★
Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands...

Answered: 1 week ago

Question

★★★★★
How would our marketing system change if manufacturers were required to set fixed prices on all products sold at retail and all retailers were required to use these prices? Would a manufacturers...

Answered: 1 week ago

Question

★★★★★
Distinguish between strategy decisions and operational decisions, illustrating for a local retailer.

Answered: 1 week ago

Question

★★★★★
How is the situation analysis different from the data collection step? Can both these steps be done at the same time to obtain answers sooner? Is this wise?

Answered: 1 week ago

Question

★★★★★
The Patients file contains information for a random sample of geriatric patients. During a meeting, one hospital administrator indicated that 70% of the geriatric patients are males. a. Based on the...

Answered: 1 week ago

Question

★★★★★
When its ovens are working properly, the time required to bake fruit pies at Ellardo Bakeries is normally distributed with a mean of 45 minutes and a standard deviation of 5 minutes. Yesterday, a...

Answered: 1 week ago

Question

★★★★★
MPC makes personal computers that are then sold directly over the phone and over the Internet. One of the most critical factors in the success of PC makers is how fast they can turn their inventory...

Answered: 1 week ago

Previous Question Next Question