_________ Analytics Are Techniques That Use Models, Constructed from Past

question 3

Multiple Choice

_________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another.

• A)Predictive
• B)Descriptive
• C)Simulation
• D)Prescriptive

Identify the advantages of franchising and contractual systems in retail.

Differentiate between types of service levels (self-service, limited-service, full-service) based on customer involvement.

Understand the concept of service levels (full, limited, self) in retail and identify examples of each.

Comprehend depth and breadth of product lines within a retail context and distinguish between them.

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Definitions:

Slang

Informal language consisting of words and expressions that are not considered standard in the speaker's dialect or language.

Cultural Biases

Preconceived opinions or attitudes that favor one's own culture over others, often leading to misunderstanding or prejudice.

Intercultural Communication

The process of exchanging meaningful information across different cultures and social groups, understanding and respecting diversity.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often at the expense of other cultures.