Examlex
Many technologically advanced retailers are using a technique to analyze the huge amounts of data collected through their point-of-purchase scanning equipment.The analysis looks for products that are commonly purchased together to help retailers merchandise their stores to place products in the right places.What is this technique?
Innovation
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
Risk Assumption
The act of taking on the potential for loss or harm as part of a project, investment, or business, often in pursuit of a reward.
Entrepreneur
An individual who creates, launches, and manages a new business, typically taking on significant financial risk.
Controlling
In management, it involves monitoring performance, comparing it with goals, and taking corrective action as needed.
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