Redbox Uses the Large Amount of Data That It Collects

question 44

Multiple Choice

Redbox uses the large amount of data that it collects at its video and game rental kiosks to determine ways to improve customer retention and to encourage multiple rentals at the same time.The chain is using

• A)quantitative decision making.
• B)data correlation.
• C)heuristics.
• D)business analytics.
• E)the Delphi technique.

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Definitions:

Scheduling Products

The process of planning and controlling the production or delivery of products to ensure optimal performance and timely completion.

Demand

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

Manufacturing Cycle Time

The total time taken from the start of production to the completion of the final product, including all processing and waiting times.

JIT Systems

Just-in-time production strategies that aim to reduce in-process inventory and carrying costs by producing only what is needed, when it's needed.