Question 1

Tesco is the planet's largest retailer.

Accepted Answer

Walmart is the world's largest retailer, not Tesco.

Question 2

How has Wal-Mart leveraged information technology to become the world's largest retailer?

Accepted Answer

The answer of How has Wal-Mart leveraged information technology to...

Question 3

An integrated shopping experience and unified customer view across channels is sometimes referred to as _______________.

Accepted Answer

The answer of An integrated shopping experience and unified customer...

Question 4

Wal-Mart supplements its huge data assets with additional data provided by information brokers like Information Resources and ACNielsen.

Accepted Answer

The answer of Wal-Mart supplements its huge data assets with...

Question 5

The category of AI technology used by Google to recognize patterns to improve speech recognition is known as ______________.

Accepted Answer

The answer of The category of AI technology used by...

Question 6

Inventory turnover ratio is:
A) the ratio of a company's annual sales to its inventory.
B) the ratio of a company's variable cost to its inventory.
C) the ratio of a company's fixed cost to its inventory.
D) the ratio of a company's annual cost to its inventory.
E) the ratio of a company's fixed assets to its inventory.

Accepted Answer

Inventory turnover ratio is the ratio of a company's annual sales to its inventory. It measures how quickly a company is selling its inventory and restocking it, and is an important indicator of a company's efficiency in managing its inventory.

Question 7

_____ are AI systems that leverage rules or examples to perform a task in a way that mimics applied human expertise.

Accepted Answer

The answer of _____ are AI systems that leverage rules...

Question 8

What is data mining? What are the key areas where businesses are leveraging data mining?

Accepted Answer

The answer of What is data mining? What are the...

Question 9

_____ refers to the ratio of a company's annual sales to its inventory.

Accepted Answer

The answer of _____ refers to the ratio of a...

Question 10

Walmart uses_____ technology to sift through massive amounts of social media data.

Accepted Answer

The answer of Walmart uses_____ technology to sift through massive...

Question 11

What is Wal-Mart's motivation for sharing data with its supply partners?
A) Creating switching costs for suppliers
B) Lowering prices of products
C) Achieving maturity in the American market
D) Countering the accusations of union activists
E) Deflecting criticism for ruining local mom-and-pop stores

Accepted Answer

Wal-Mart shares data with its supply partners to lower the prices of products, which benefits both the company and its customers. By providing suppliers with sales data, they can optimize their production processes and reduce costs, allowing them to offer products at a lower price point. This, in turn, enables Wal-Mart to offer its customers products at a lower price, which helps to maintain its competitive advantage in the retail industry.

Question 12

Having too much inventory or insufficient inventory is known as a retailer's "twin nightmares."

Accepted Answer

Having too much inventory can result in excess costs for storage, handling, and potentially having to sell at a discounted price. Insufficient inventory can result in lost sales and dissatisfied customers. These are often referred to as the "twin nightmares" because both situations can negatively impact a retailer's profitability and reputation.

Quiz 15: The Data Asset: Databases, Business Intelligence, Analytics, Big Data, and Competitive Advantage