Zulily Keeps Very Little Inventory

question 163

True/False

Zulily keeps very little inventory. It orders products from vendors after their customer has completed the purchase. This is an example of how Zulily intends to enhance a cost leadership position.

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Definitions:

Pivot Table

A data summarization tool used in spreadsheet programs that enables users to reorganize, group, and summarize large data sets easily.

Data Mining Techniques

Methods used to explore and analyze large sets of data to discover meaningful patterns and rules.

SPSS Modeler

A software package used for statistical analysis and building predictive models.

Data Mining

The process of discovering patterns and knowledge from large amounts of data. The data sources can include databases, data warehouses, the Internet, and other data repositories.