Final answer:
Businesses use data collection and analysis to make informed decisions for optimizing sales, pricing strategies, and customer experience, which ultimately lead to achieving better business results.
Step-by-step explanation:
The examples that describe using data to achieve business results are instances where collected data is analyzed and used to make business decisions that can lead to improved sales, customer satisfaction, or operational efficiency. For instance, when a grocery chain collects data on sale items and pricing from each store, this information can be used to understand sales trends, optimize pricing strategies, and maximize profits.
Similarly, a video streaming service utilizes user preferences to curate personalized content, enhancing user experience and potentially increasing subscription retention. Additionally, a large retailer performing data analysis on product purchases is a prime example of using data to inform marketing strategies, tailoring promotions to drive sales. Lastly, a movie theater tracking the number of weekend goers is gauging its busiest times, which helps in staff scheduling, concession planning, and promotional offers to maximize revenue.