A retailer can use data mining to determine when to mark merchandise down and how much to mark it down.

Name: A retailer can use data mining to determine when to mark merchandise down and how much to mark it down.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Data mining can help retailers analyze sales patterns and identify which merchandise is selling slowly. This data can be used to determine the optimal time and amount to mark down the price in order to increase sales and clear out inventory.

A Retailer Can Use Data Mining to Determine When to Mark