Group-4 Importance of the retail industry

15.) This is a going trend with 71% of consumers expecting businesses to get to know their individual interests.

24.) Amazon, a part of IS to recommend products based on a customers browser history and previous purchases.

29.) In the Philippines, the retail market size is expected to reach USD 96.02 billion by 2029.

21.) Customer relationship management can analyze customer data.

17.) Mesopotamia is the place where markets operated.

7.) All are components of information systems except one.

26.) Online technology steadily raising speed of tracking inventory.

13.) Markets common in ancient in Babylonia & Egypt.

30.) Inventory management is an organized system for the collection of information.

22.) Retailers focus on making their online and in-store experiences feel different to highlight their unique features.

5.) One example of how retailers use information system.

3.) What is expected CAGR of the global smart retail market by 2030?

23.) Walmart uses a sophisticated Information system for vendor management.

18.) Barcodes revolutionized grocery check-outs.

11.) All are retailers who uses information system, except for one.

12.) Which of the following are the key roles of the Information system?

8.) The concept of buying and selling is believed to have originated in this place.

6.) Coordinating with suppliers and distribution centers, ensuring timely delivery of products.

19.) Cost is the key variable in short-term profitability.

28.) Starbucks uses predictive analytics to recommend products based on a customers products & previous purchases.

10.) All are significant to the retail industry in the economy, except one.

2.) Transformed the retail landscape, through the used of laptop and mobile choice.

14.) In 1974, this revolutionized grocery check-outs.

27.) The Phoenicians became a major trading power by around the 9th or 12th century BC.

1.) All are factors contributing to growth of retail industry except one.

9.) The retail industry growth is set to hit how many % of growth globally in 2024?

25.) Retailers play a vital role in driving economic growth on local scales.

20.) The retail market size is expected to reach billions by 2024.

4.) Despite facing challenges, the US retail sector has shown remarkable adaptability.

16.) With the advent of E-commerce, the retail industry is undergoing a transformation in todays digital era.