Describe How L

question 17

Essay

Describe how L.L. Bean's Big Data efforts have changed and improved firm interactions with customers.

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Definitions:

Merchandisers

Merchandisers are businesses or individuals that purchase goods for the purpose of selling them to consumers at a profit.

Year-End Adjustments

Year-end adjustments are accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.

Convertible to Cash

Assets that can be quickly and easily transformed into cash without losing significant value.

Short-Term

Referring to a timeframe typically less than a year, used in context with liabilities, investments, and planning to indicate immediate or near-future considerations.