Fran Is Shopping Online for Jeans and She Clicks on a Style

question 144

Multiple Choice

Fran is shopping online for jeans and she clicks on a style she likes. The site quickly presents her with a close-up view and additional information that will help her make a decision. When she adds the jeans to her shopping bag, the website quickly shows her that other customers that purchased the same pair of jeans also purchased a particular shirt and boots. As the retailer's website learns more about Fran and her purchase preferences, it is able to push other ideas toward her, and potentially increase the online retailer's units per transaction. The technology that generates this type of intelligence and personalization is called

• A) social media.
• B) cookie mining.
• C) Web 2.0.
• D) Web 3.0.

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, institution, or individual, typically comprising the balance sheet, income statement, and cash flow statement.

Exchange of Assets

A transaction where companies swap ownership of assets without the use of cash, often to achieve operational efficiencies or strategic objectives.

Fair Value

is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Replacement Value

The cost to replace an asset with another of similar function and efficiency.