Retail stores can use data mining to determine when to mark merchandise down and how much to mark it down.

Name: Retail stores 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

Retail stores can analyze data such as sales patterns, inventory levels, and competitor pricing to determine the optimal time and discount amount for markdowns. This can help improve sales and minimize excess inventory.

Retail Stores Can Use Data Mining to Determine When to Mark