Data Analytics Benefits Retailers by

question 21

Multiple Choice

Data analytics benefits retailers by

• A) accurately predicting changes in the external environment.
• B) allowing merchants to provide personalized, real-time messaging and promotions.
• C) eliminating the need for wholesaling and the associated markups that raise prices.
• D) shortening the retail life cycle.
• E) improving sales per square foot or same-store sales growth by providing access to alternate channels.

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Definitions:

Bandeirantes

Adventurous explorers and settlers in Brazil during the 17th century, known for expanding the country's borders by venturing into unmapped interior regions.

Karaja Indians

An indigenous group of people native to central Brazil, known for their cultural practices and artwork.

Grazing Land

Grazing land refers to an area or plot of land suitable for livestock to feed on grass and other low vegetation.

Teamwork Skills

The abilities and competencies that allow individuals to effectively work together in a group towards a common goal, emphasizing communication, cooperation, and coordination.