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Which of the following is a cost-oriented pricing approach?
Big Data Analytics
The process of examining large and varied data sets to uncover hidden patterns, unknown correlations, market trends, customer preferences, and other useful business information.
Consumer Trends
Patterns or behaviors in purchasing and consumption that are widely observed among consumers over a period.
Merchandising
The variety of activities involved in promoting the sale of products at retail, including display techniques, discount offers, and product placement.
Retailer Goals
Objectives set by retail businesses aiming for customer satisfaction, increased sales, and market presence.
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