Data Analytics Benefits Retailers by Accurately Predicting Changes in the External

question 205

Multiple Choice

Data analytics benefits retailers by accurately predicting changes in the external environment.

• A) accurately predicting changes in the external environment.
• B) allowing merchants to provide personalized, real-time messaging and promotions.
• C) eliminating the need for wholesaling and the associated markups that raise prices.
• D) shortening the retail life cycle.
• E) improving sales per square foot or same-store sales growth by providing access to alternate channels.

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Definitions:

Personalized Concession

A compromise or adjustment offered in a negotiation that specifically addresses the interests or preferences of the other party.

Hardball Tactics

Aggressive or uncompromising strategies used in negotiations or competition, designed to pressure the opposite side into conceding or agreeing to specific terms.

Starting Points

The initial positions or conditions from which something begins or is derived, often used in the context of negotiations or discussions.

Opening Statements

These are initial remarks made by each party in a negotiation or legal proceeding, outlining their position and the outcomes they seek.