To illustrate how slice-and-dice operations can be used in OLAP, let's consider a hypothetical data cube that contains sales data for a retail company. This cube features four dimensions: time, product, customer, and store, and one fact: sales amount. For instance, slicing by time will provide a two-dimensional table with sales amount for each combination of product, customer, and store within the specified period. Dicing by product and customer will generate a new cube that displays the sales amount for each combination of time, store, electronics, and loyal customers. Additionally, slicing and dicing by product, customer, and store will result in a one-dimensional table that shows the sales amount for each time period for the electronics category, the loyal customers, and the New York store. Through these operations, you can gain insights into your sales data to inform your strategy and objectives.