Business Decisions

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November 5, 2023 2 min read Definitions
OLAP: The Engine Behind Data-Driven Decisions
Business Intelligence Data Analysis Technology OLAP Data Warehousing Business Decisions Analytics Data Processing
Explore Online Analytical Processing (OLAP), the powerful technology that enhances business intelligence by allowing quick and effective data analysis.
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October 12, 2023 3 min read Definitions
Decision Support Systems (DSS) in Business Operations
Technology Business Intelligence Information Systems DSS Data Analysis Business Decisions Efficiency Improvement Technology in Business
Explore what a Decision Support System (DSS) is, how it transforms data into actionable insights, and its pivotal role in enhancing business decision-making and efficiency.
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October 5, 2023 3 min read Definitions
Sunk Costs in Business: An In-depth Analysis
Finance Business Management Economics Sunk Cost Business Decisions Financial Management Sunk Cost Fallacy Cost Analysis
Explore what sunk costs are, how they differ from other costs, their impact on business decisions, and strategies to avoid the sunk cost fallacy.
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October 3, 2023 3 min read Definitions
Avoidable Costs in Business Decisions
Finance Accounting Business Management Avoidable Costs Cost Management Business Decisions Variable Costs Fixed Costs
Explore the concept of avoidable costs and how identifying them can lead to better financial decisions and cost management in businesses.
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