Walmart Can Use Data Mining to Customize Each Store's Offerings

question 44

True/False

Walmart can use data mining to customize each store's offerings to better fit the local markets.

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Definitions:

Residents

Individuals who inhabit a particular place or area, living in a specific locale either temporarily or permanently.

Utility Function

Represents how different combinations of goods or services can provide varying levels of satisfaction or utility to an individual, emphasizing the subjective valuation of consumption.

Gasoline

An explosive, quick-to-evaporate substance made from petroleum, mainly serving as a fuel source in internal combustion engines.

Auto Repairs

Services aimed at fixing and maintaining vehicles for optimal performance.