Walmart Is Known for Its Efficient Logistical Systems

question 51

Multiple Choice

Walmart is known for its efficient logistical systems. Every time consumers buy something, that purchase is recorded and sent to company headquarters, where it is used to generate reorders to vendors. In addition, customers' billions of purchases are analyzed using data mining techniques to uncover

• A) the impact of income tax laws.
• B) patterns of consumers' purchasing behavior.
• C) the relationship between primary and secondary data.
• D) new ideas for human resources management.
• E) competitors' pricing strategies.

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Definitions:

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Quality Assurance

A systematic process designed to determine whether a product or service meets specified requirements.

Constant Innovation

The ongoing pursuit of novel solutions and improvements to meet market needs or address challenges.

Statistical Methods

Refers to the mathematical or computational techniques used to collect, analyze, interpret, and present data.