"Big Data" Has Been Recently Applied to Making Effective Decisions

question 49

Multiple Choice

"Big data" has been recently applied to making effective decisions and ________.

• A) managing human resources
• B) creation of surveys
• C) decreasing online sales
• D) marketing campaigns
• E) none of the above

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Definitions:

Transportation

The act or process of moving people or goods from one place to another using various modes such as vehicles, trains, ships, or airplanes.

Lot Size-based Discounts

Price reductions offered to customers purchasing goods in large quantities or predefined lot sizes.

Volume Discounts

Price reductions given to buyers purchasing large quantities of goods, incentivizing bulk purchases.

EDLP

Stands for Everyday Low Pricing, a retail pricing strategy aiming to offer consumers consistently low prices instead of using short-term promotions.