Touchscreen Kiosks, Handheld Shopping Assistants, Interactive Dressing-Room Mirrors and Virtual

question 67

Multiple Choice

Touchscreen kiosks, handheld shopping assistants, interactive dressing-room mirrors and virtual sales associates are all examples of how retailers use technology to ________.

• A) maintain inventory costs
• B) send information between stores
• C) meet consumers' expectations
• D) produce more accurate forecasts
• E) interact with suppliers

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Definitions:

Aluminum Production

The industrial process of extracting aluminum from its oxide, alumina, typically through the Hall-Héroult process.

Positive Externality

A benefit received by someone who had nothing to do with the activity that generated the benefit, often leading to an underproduction of the good/service in a free market.

Compensation

The complete sum of financial and non-financial compensation given to a worker by their employer in exchange for the work carried out as needed.

Marginal Seller

A seller who is indifferent about selling at the current market price and might leave the market if prices decrease.