ENTREPRENEURIAL OPPORTUNITIES
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Walmart uses secondary data (information collected by their POS) to plan for new product offerings and predict the sale of certain items. What product will increase in sales by seven times if there is a predicted hurricane?
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Red Seedless Grapes
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Whole Milk
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Strawberry Pop-Tarts
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Large Eggs
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Explanation:
Detailed explanation-1: -WalMart allows more than 3, 500 suppliers to access data on their products and perform data analyses. These suppliers use this data to identify customers’ buying patterns at the store level. They use the information to manage local store inventories and identify new merchandizing opportunities.
Detailed explanation-2: -The retailer recently expanded the storage capacity of its data warehouse to 101 terabytes from 44 terabytes and is in the process of making additional sales data available to its suppliers.
There is 1 question to complete.