Businesses use metrics in order to
A)lower production costs.
B)eliminate inventory costs.
C)evaluate a strategy and quantify a trend.
D)recognize a market and develop a new product.
E)implement personal selling strategies.

Question

Quizplus · Accepted Answer

Metrics are used to evaluate the effectiveness of a strategy and quantify trends. They can help businesses make data-driven decisions and identify areas for improvement. While metrics may indirectly contribute to lowering production costs or eliminating inventory costs, these are not the primary purposes of using metrics. Similarly, metrics may be used in developing new products or implementing personal selling strategies, but these are not the main reasons why businesses use metrics.

Businesses Use Metrics in Order to