Explain the importance of using data to evaluate business operations.

Explanation should include

  • identifying data sources
  • explaining data sources
  • determining needed information
  • choosing survey methods
  • formulating questions
  • collecting data
  • interpreting and analyzing findings
  • determining pros and cons of various data sets
  • analyzing data
  • researching consumer lifestyles
  • gaining an understanding of customers’ needs
  • being able to show the customer how to meet their needs.

Process/Skill Questions:

  • What can be learned from customer surveys?
  • How can social media be used to conduct a survey?
  • What are some methods for conducting customer surveys?
  • What is a focus group?
  • How can a focus group help improve the business?
  • How does one determine what information is necessary for the survey?
  • What are some methods of identifying customer needs?
  • What determines if something is a want or a need for a consumer?
  • When is conducting a survey appropriate? What kind of survey should be used? How can the customer give immediate feedback?