Use the Table Below to Answer the Following Question

question 28

Multiple Choice

Use the table below to answer the following question.
Table 21.3.2
Data from Southton

-Refer to Table 21.3.2. From the data in Table 21.3.2, what is Southton's consumer price index for the current year?

• A)112
• B)105.6
• C)100.5
• D)100
• E)94.7

Identify strategies for tailoring products and services to meet customer needs.

Understand the implications of innovation for environmental sustainability and social responsibility.

Understand the eligibility and basic conditions for receiving Social Security retirement benefits.

Comprehend the impact of retirement on personal finances, including work-related expenses and medical expenditures.

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Definitions:

Customer Data

Information that a business collects about its customers, including buying habits, preferences, and demographics, used to tailor marketing strategies and improve customer experiences.

Recency-Frequency-Monetary Analysis

A method of analyzing data that categorize customers by their buying patterns.

Customer Data

Information collected about customers that can include personal details, preferences, and behaviors, used to guide business decisions and marketing strategies.

Profit Potential

The capability of a business or investment to generate earnings over a period, indicating its financial viability and attractiveness.