Choose the term that best fits the following: By applying smart algorithms and deep, data-driven analytics to the massive amounts of d retailers are able to maximize all aspects of their business, including pricing, assortments, displays, staffing, and warehouse space.
A) Challenged store economics
B) Maturing retail technologies
C) Explosion of consumer data
D) Blurring boundaries among channels, formats, and brands
E) Scientific retailing

Question

Quizplus · Accepted Answer

Scientific retailing refers to the use of data-driven analytics and smart algorithms to optimize various aspects of retail operations, such as pricing, assortments, and staffing.

Choose the Term That Best Fits the Following: by Applying