Which of the Following Is NOT a Reason US Retailers

question 81

Multiple Choice

Which of the following is NOT a reason US retailers are investing in digital pricing displays?

• A) Customers are using showrooming tactics in their stores.
• B) Online retailing has shortened the shelf life of prices in traditional stores.
• C) Retailers must accommodate frequent price changes in order to compete with online merchants
• D) With the trend toward environmental sustainability, retailers are showing their support.

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Definitions:

Base-Rate Information

This term relates to how often an event occurs within a general population.

Representativeness Heuristic

A mental shortcut that involves making judgments about the probability of an event under uncertainty, based on how much it resembles existing prototypes.

Algorithm

A set of rules or procedures for solving a problem in a finite number of steps, often used in computer programming.

Base-Rate Information

Statistical data that indicates the prevalence of a particular phenomenon in a given population.