what are decision support systems(DSSs)? How do business use them?

Q: Can you distinguish among needs, wants, demand ?

A: One of the most basic concepts of marketing is the human need for any product. In other words it can…

Q: List the steps in the consumer decisionprocess.

A: Consumer behavior is the study of how individual customers, groups or organizations select, buy,…

Q: Explain in your words the ADIA model importance and provide an example to express your understanding…

A: The ADIA stands for Attention, Interest, Desire, and Action figure is a promoting effect model that…

Q: Could you describe the multidimensional model's "slice and dice" method?

A: The "slice and dice" method is a valuable technique used in multidimensional modeling, particularly…

Q: Is Doing Nothing Is a Decision Option?

A: Decision-making is the process of choosing the best alternative among various alternatives to solve…

Q: How does the availability heuristic impact decision-making processes in the context of information…

A: The availability heuristic is a cognitive bias that affects decision-making processes by relying on…

Q: What are differet approaches to market research and methods of research used for understanding the…

A: Market Research Research of Marketing is the function that helps connect the customer, general…

Q: How is data different from information? Information from knowledge

A: Data refers to the factual information  used as a basis for reasoning, discussion, or calculation.…

Q: Assume that you sell products on the Internet. If you want to understand the factors which affect…

A: How a consumer behaves and uses the internet for buying products is affected by a number of factors.…

Q: What could make a laptop and an Ipad high involvement purchases? What kind of situations or…

A: The purchase of electronic devices such as laptops and iPads often involves a complex…

Q: How can decision support systems be used in today's business world?

A: Introduction:Decision support systems (DSS) are computer-based tools that assist individuals and…

Q: What are marketing analytics?

A: The techniques as well as tools that enable retailers can assess the success of their marketing…

Q: What is Customer satisfaction and provide an example of it.

A: Customers normally evaluate the benefits they get from the consumption of a product by comparing…

Q: What is Market-Value Analysis?

A: Market value refers to the price that any asset would fetch from the market or the value that is…

Q: Discuss internal and external information searchand their role in different decision types.

A: Customer decision making is a process in which customer makes buying decision and information search…

Q: What are your thoughts on determining what is real and what is fake while reading content online?

A: Determine what is real and what is fake while reading content online can be challenging, as the…

Q: management support systems support decision making at different level?

A: Manager support system(MSS) are Softwares that acts as a source of information for managerial use.…

Q: with

A: Talking about the controlled states then, control stars are the states where the state governments…

Q: how can quantative analysis techniques inform and support decision making within organizations

A: Decision-making is the core skill required with any leader like managers. Finding out all the…

Q: Trace how you might go through the steps in the consumer decisionprocess if you were thinking of…

A: Customer will have to go through various phases of decision making before making any purchase of the…

Q: role of Analytics?

A: The role of analytics is quite essential for the success of the organisation. Analysing the data…

Q: What role, if any, should the government playin ensuring that consumers have easy access torelevant…

A: Product information is described as a document that includes important information regarding a…

Q: What role does predictive modeling play in marketing analytics?

A: Marketing analytics is a field of study that involves the collection, analysis, and interpretation…

Q: How is the grapevine illustrated in this case?

A: Communication is a fundamental aspect of human interaction and plays a crucial role in transmitting…

Q: What is market-centred companies?

A: Marketing means the promotion of goods and services to potential customers in order to gain profit…

Q: How do personal relationships and recommendations influence consumer preferences?

A: Consumer preferences refer to the subjective opinions, attitudes, and tastes that guide consumers in…

Q: How does a marketing decision support system (MDSS)allow marketers to easily get the information…

A: Marketing is a process through which the customers get to know about the benefits of the…

Q: What is Decision Theory?

A: A decision is described as a process of determining, deciding on doubt or a question in order to…

Q: Think of a purchase you recently made. Describe what you did and what happened at each stage of the…

A: Businesses must comprehend the decision-making process behind purchases in today's consumer-focused…

Q: What types of situational considerations affect the purchasing behaviour of consumers?

A: Situational influences are temporary circumstances that influence how buyers behave whether they buy…

Q: What are AIO statements? How are they used by marketers?

A: Understanding about customers is the most important task which any marketer can execute. This gives…

Q: WHAT are customer relationship groups ?

A: Introduction : Customer Relationship Groups are those groups through  which a company can gain more…

Q: Explain the meaning of problem-solving in depth

A: ANSWER:- Everything happening in this world has its problems. This is because no system in this…

Q: To what extent do consumers encounter difficulties while working with large data sets?

A: Big data is a term that can be outlined and expressed as data that is extremely huge in size. Big…

Excel

Microsoft Excel is a useful as well as powerful data analysis and documentation programme. Microsoft Excel is a spreadsheet program developed by Microsoft that is available for Windows, macOS, Android, and iOS. It includes calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA).