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In what ways are models and simulations utilized in the field of business, according to the text?
  • a)
    Analyzing sales data to predict future stock needs.
  • b)
    Training pilots in flight simulation scenarios.
  • c)
    Predicting outcomes of nuclear reactions in research settings.
  • d)
    Diagnosing illnesses quickly for medical purposes.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
In what ways are models and simulations utilized in the field of busin...
In the business sector, models and simulations are employed to analyze sales data and forecast future stock needs. By utilizing these tools, companies can make informed decisions regarding inventory management, production planning, and optimizing their supply chain operations.
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In what ways are models and simulations utilized in the field of business, according to the text?a)Analyzing sales data to predict future stock needs.b)Training pilots in flight simulation scenarios.c)Predicting outcomes of nuclear reactions in research settings.d)Diagnosing illnesses quickly for medical purposes.Correct answer is option 'A'. Can you explain this answer? for Class 6 2025 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about In what ways are models and simulations utilized in the field of business, according to the text?a)Analyzing sales data to predict future stock needs.b)Training pilots in flight simulation scenarios.c)Predicting outcomes of nuclear reactions in research settings.d)Diagnosing illnesses quickly for medical purposes.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 6 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In what ways are models and simulations utilized in the field of business, according to the text?a)Analyzing sales data to predict future stock needs.b)Training pilots in flight simulation scenarios.c)Predicting outcomes of nuclear reactions in research settings.d)Diagnosing illnesses quickly for medical purposes.Correct answer is option 'A'. Can you explain this answer?.
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