________ Can Benefit Retailers by Helping Them to Predict Shopping

question 7

Multiple Choice

________ can benefit retailers by helping them to predict shopping behavior, provide personalized, real-time messaging and promotions, and track customer needs.

• A) Data analytics
• B) Brokers
• C) Telemarketing
• D) Multichannel retailing
• E) Shopper marketing

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.

Insurance Exchanges

Marketplaces established to facilitate the purchase and sale of insurance plans, allowing consumers to compare and choose from various health insurance options.

Foster Competition

To encourage or promote a market environment where businesses compete freely with one another, aiming to improve efficiency and innovation.

Income Increase

A rise in the amount of earnings received over a given period of time, whether from wages, investments, or other sources.