How Would the Retail Industry Use Business Intelligence

question 53

Multiple Choice

How would the retail industry use business intelligence?

• A)track crime patterns, locations, and criminal behavior
• B)analyze customer demographics
• C)predict sales, inventory levels, and distribution
• D)predict hardware failures

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Definitions:

Marginal Social Cost

Sum of the marginal cost of production and the marginal external cost.

Air Pollutants

Substances in the air that can cause harm to humans and the environment.

Plastic Containers

Manufactured receptacles made from plastic materials, used for storing, transporting, and packaging goods.

Economic Inefficiency

A situation where resources are not allocated in the most effective way, resulting in waste or loss of potential benefit to society.