Walmart Is Known for Its Efficient Logistical Systems

question 13

Multiple Choice

Walmart is known for its efficient logistical systems.Every time consumers buy something,that purchase is recorded and sent to company headquarters,where it is used to generate reorders to vendors.In addition,customers' billions of purchases are analyzed to uncover patterns of consumers' purchasing behavior.This is an example of

• A) data isolation.
• B) data mining.
• C) secondary data collection.
• D) sentiment mining.
• E) qualitative research.

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Definitions:

Sales Mix

The variation in the quantities and types of products or services that a company sells, influencing the total revenue and profits.

Production Information

Data related to the manufacturing process, including quantities produced, costs, and production times.

Direct Labor Hours

The hours worked by employees that can directly be attributed to specific units of production.

Time and Materials Pricing

A pricing method where the customer is charged for the direct labor hours at a specific rate and the cost of materials used.