Touchscreen Kiosks, Handheld Shopping Assistants, Interactive Dressing-Room Mirrors and Virtual

question 67

Multiple Choice

Touchscreen kiosks, handheld shopping assistants, interactive dressing-room mirrors and virtual sales associates are all examples of how retailers use technology to ________.

• A) maintain inventory costs
• B) send information between stores
• C) meet consumers' expectations
• D) produce more accurate forecasts
• E) interact with suppliers

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Definitions:

Contingency Plan

A strategy or plan developed to take into account possible future events or circumstances, usually in the context of risk management.

Financial Projections

Estimates of a company's future financial performance, including income, expenses, and cash flow.

Chain of Command

The hierarchy within an organization that establishes the authority and responsibility relationships among employees.

Fastest Growth

The highest rate of expansion in size, production, or market share experienced by an entity over a specific period.