18.1.1 - What Is Business Decision-Making?
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Practice Questions
Test your understanding with targeted questions
Define Business Decision-Making in your own words.
💡 Hint: Think about why companies need to make decisions.
What does data science help in improving decision-making?
💡 Hint: Consider how using data can change decisions.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is business decision-making?
💡 Hint: Focus on the selection aspect of decisions.
True or False: Data-driven decision-making replaces intuition entirely.
💡 Hint: Think about the nature of decision-making.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Create a business decision-making scenario for a hypothetical company that struggles with customer retention. Integrate data science concepts that could improve their situation.
💡 Hint: Think about data science tools that analyze customer behavior.
Evaluate the effectiveness of introducing data science into a decision-making process of a start-up and how this could change the outcome.
💡 Hint: Consider the impact of data analytics on competitive advantage.
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