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Pavel [41]
3 years ago
5

Costco wants to know how to stock their warehouses for a future pandemic and are using current sales data to help them project t

he needs. Which kind of analytical technique are they using
Business
1 answer:
erastovalidia [21]3 years ago
8 0

Answer:

Predictive analytics.

Explanation:

Predictive analytics can be defined as a statistical approach which typically involves the use of past and present data ( factual informations) in order to determine unknown events or future performances of a business firm or organization. It is focused on determining what is likely to happen in the future.

In this scenario, Costco wants to know how to stock their warehouses for a future pandemic and are using current sales data to help them project the needs.

Hence, the kind of analytical technique Costco are using is predictive analytics.

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The fastest growing form of retail trade in the United​ States, Europe, and Asia is​ ________. A. ​e-commerce B. product service
Ad libitum [116K]

Answer:

A. ​e-commerce

Explanation:

E-Commerce or Electronic Commerce or internet commerce refers to the transacting of economic goods from the producer and the consumers; this includes buying of goods, selling , products, or services via the internet. The avances in technology has reduced the distance between the producer and consumer. You will websites, online stores etc have redefined commerce as a whole as business can be transacte over several continents/nations. E-Commerce is therefore the fastest growing form of retail trade in the United​ States, Europe, and Asia

4 0
4 years ago
The Upjohn Company first targeted men for its Rogaine topical solution, a drug to restore hair growth, but later marketed this p
gogolik [260]

Answer:

finding new users

Explanation:

Market modification refers to the mechanism whereby the companies try and increase the product life cycle by extending the same product to more users than before.

Market modification strategy may be carried out by increasing the usage i.e quantity of current product by the existing users, or by adding new users to the same product by making it suitable for more customers or by altering the product quality and it's packaging.

In the given case, the product which was initially targeted at men, providing solution to the problem of hair loss, was later marketed to women too. So in this case, the company basically specified i.e informed the customers that it is not specific to a particular gender as the problem is common to all and anybody who seeks remedy to the problem, can use the product.

Thereby, the company found new users in the form of women, to whom such products can be extended and sold.

6 0
3 years ago
For a while in the 1920s, inflation in some ways benefited the German economy. However, it would not have made sense for Germany
Sidana [21]

Expansionary policy boosts the economy in the short run but not the long run.

Option A

<u> Explanation: </u>

Germany was considered one of the richest countries before World War 1. Their economy was very steady and there is no match for them among countries.

Due to the effect of World War 1 the country was into hyperinflation and all the prices of perishable things and food items has increased at a very fast pace. To balance the inflation they applied Expansionary monetary policy which uses the central bank to print money to stimulate the economy.

The increase in supply of printed money will ease out the lending rates and it will boost the economy.

7 0
3 years ago
Sales promotion:
solong [7]

Answer:

e. None of these alternative is correct.

Explanation:

Sales promotion is a pull marketing technique of promoting product by persuading customer to buy the product. It is beneficial technique at maturity stage of product life cycle. Short term stimulas been offered to customer, so that sales can increase, it is also helpful in tackling competition in the market and keep existing customer with the brand. A product can be promoted for limited time with inumerable tactics.

8 0
4 years ago
What gives marketers a new channel to communicate with customers?
allochka39001 [22]
1. Verbal
2. Nonverbal
3. Written
4. Visual

I’m not sure but hope this helped x:)
5 0
3 years ago
Read 2 more answers
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