Choose the Term That Best Fits the Following: by Applying

question 17

Multiple Choice

Choose the term that best fits the following: By applying smart algorithms and deep, data-driven analytics to the massive amounts of d retailers are able to maximize all aspects of their business, including pricing, assortments, displays, staffing, and warehouse space.

• A) Challenged store economics
• B) Maturing retail technologies
• C) Explosion of consumer data
• D) Blurring boundaries among channels, formats, and brands
• E) Scientific retailing

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Definitions:

Reportable Segment

A component of a business that earns revenues and incurs expenses, and for which separate financial information is available and regularly reviewed by the entity's chief operating decision-maker in deciding how to allocate resources and assess performance.

Operating Segment

A component of a business that engages in business activities from which it may earn revenues and incur expenses, and for which discrete financial information is available.

Asset Group

A collection of assets that share similar characteristics and are accounted for together in financial reporting.

Production Phase

The production phase is the period in a business cycle when raw materials are converted into finished products.