Prescriptive analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all flights allowing an airline company to maximize revenue.
<h3>What do you mean by
Prescriptive analytics?</h3>
Prescriptive analytics is the technique of the usage of information to decide an optimal direction of action. By thinking about all applicable factors, this form of evaluation yields pointers for subsequent steps.
Because of this, prescriptive analytics is a treasured device for information-pushed decision-making.
Therefore, Prescriptive analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all flights allowing an airline company to maximize revenue.
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Answer:
The correct answer is the option A: creating an organizational culture that rewards listening.
Explanation:
On one hand, the term <em>organizational culture</em> is the name given to refers to the combination of beliefs, values, behaviors and more that form the unique social and, most important, psychological environment of an organization. It basicaly describes the way that things are done inside the organization and how they manage to handle specific situations, according with the ethics of the organization already established.
On the other hand, the CEO Ronald is trying to build teamwork by improving the listening process from the superiors to the workers of every level so in that way he teaches the importance of being heard and being part of the company no matter the position of the worker. It is understandable that <em>he enforces the organizational culture of the company by creating and environment where every person has something important to say and therefore they need to be listen. </em>
Answer: a. menu costs
Explanation:
Menu Costs of inflation are the costs associated with sellers and suppliers having to update their prices whenever they increase.
This is the cost of making new tags, updating catalogues, updating websites and anything that has to do with updating price.
It gets it's name from Restaurant menues having to be reprinted when prices rise.
Jacques is experiencing Menu Costs.