Business decision making and command words revision notes

A cost that changes in direct proportion to the level of output.

The process of dividing a broad consumer or business market into sub-groups of consumers based on some type of shared characteristics.

To examine data, identify patterns, and explain the relationships between different business elements.

An individual or group that can affect or is affected by the business’s actions, objectives, and policies.

To give a reasoned opinion or explanation that supports a particular position or decision.