Mohammad 
A business environment refers to all the external and internal factors that affect its operation. It comprises economic, social, political, financial, and institutional elements. Environmental analysis helps a business identify its strengths, weaknesses, threats, and opportunities so organizations can operate efficiently. What Is Environmental Analysis? Environmental analysis refers to the study of external factors that …
Businesses have to make decisions; they pick between several options since they do not have enough resources to pursue all chances. When a company decides to pursue option A rather than option B, the value of option B represents the opportunity cost of picking option A. Calculating opportunity cost enables organizations to make educated decisions …
Prescriptive analysis is also known as the future of data analytics and is part of business analysis. Businesses have been using it for decades to control potential outcomes after predicting them. These outcomes are molded to help the firm in the long term. It helps cluster variables together to help achieve the best-suiting results for …
Descriptive Analysis was first introduced in the 1700s to help businesses make informed decisions. It produces market patterns from raw data for managers to track business performance. Through descriptive analysis, businesses can present data in an understandable and presentable manner. What is Descriptive Analysis? Definition: Descriptive analysis is one of the most common and powerful …