Retailers Can Purchase Member Data and from Some Social Shopping

question 74

Short Answer

Retailers can purchase member data and from some social shopping Web sites to find out what consumers
like and don't like, and what they are looking for in items sold by the retailer.

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Definitions:

Expected Profit

The forecasted gain from an investment or business operation, taking into account the probability of different outcomes.

Souvenirs

Items purchased or acquired during a trip or at an event to serve as a reminder or for personal keepsake.

Product Availability

The extent to which goods are in stock and ready for purchase by customers.

Supply Chain

The network between a company and its suppliers to produce and distribute a specific product to the final buyer, encompassing all stages of processing and shipping.