Question: 1 . What is data and why is it important to a business? 2 . How can a manager turn data into information? 3 .

1. What is data and why is it important to a business?
2. How can a manager turn data into information?
3. What is the relationship between data, information, business intelligence, and knowledge?
4. Why is it important for a company to operate cross-functionally?
5. Explain MIS and the role it plays in a company and global business.
6. Explain systems thinking and how it supports business operations.
7. What business strategies would you use if you were developing a competitive advantage for a company?
8. Explain Porters Five Forces Model and the role it plays in decision making.
9. How could a company use loyalty programs to influence buyer power? How could a company use switching costs to lock in customers and suppliers?

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