If you were given a large data set, such as the sales over the last year of our top 100 customers, what might you be able to do

Question

postnew [5]

2 years ago

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If you were given a large data set, such as the sales over the last year of our top 100 customers, what might you be able to do

with these data? what might be the benefits of describing the data?

Business

2 answers:

Daniel [21] · Answer 1 · 2022-08-01T18:49:38+03:00

The best thing to do with data such as sales over the last year of the top 1000 customers would be to answer questions like:
1) what products sell the most: This would help the marketing department,for example on targeting what items to push.
2) what groups of people buy what product: Again this would be targeting who buys what. We may discover that males prefer product A and females prefer product B. Or young customers prefer different products that older. This would help marketing also on targeting sales.

kkurt [141] · Answer 2 · 2022-08-01T20:03:06+03:00

If you were given a large data set, such as the sales over the last year of our top 100 customers, we can use this data for future production. The benefits of describing the data for the company is to increase the profit.

Further Explanation:

A large data set means the data which carries the information of more than thirty. The data has the information of more than thirty customers, it is considered as the large data set. If the company has a large data set for sales over the last year, then this data can be utilized for the benefits of the company. Following are the benefits of having a large data set :

• With the help of a large data set, the company can be estimated the targeted sales.

• The company can analyze which product is selling the most. On the basis of a large data set, the company makes the choice of which product should be produced.

• The company can target the consumer which market has the highest sale. The company will deliver the goods more in that market.

• The company can target the consumer in which category was purchased the most number of goods. With the help of a large data set, the company can target the category of the consumer.

• On the basis of previous sales, the company can estimate the number of goods to be produced.

Learn more:

1. Learn more about consumer protection law

brainly.com/question/1862829

2. Learn more about consumer influence

brainly.com/question/5906552

3. Learn more about organizing data

brainly.com/question/9824390

Answer details:

Grade: Middle School

Subject: Marketing

Chapter: Customer preferences

Keywords: a large data set, sales, over the last year, of our top 100 customers, we can use this data, for future production, the benefits, of describing, the data, for the company, increase the profit.