When the sales of a certain brand of diet soda slowed,a national grocery retailer decided to drop the price of that product,which resulted in a large increase in sales of the soda.This sales increase is a type of
A)Big Data.
B)input.
C)quality control.
D)outcry.
E)feedback.

Question

Quizplus · Accepted Answer

The increase in sales resulting from the retailer's decision to drop the price of the soda is a form of feedback. The retailer received information (feedback) from the market that the product's sales were slowing down and subsequently adjusted the price, which resulted in increased sales.

When the Sales of a Certain Brand of Diet Soda