A major advantage of a retail information system is _____.
A)the continuous nature of data collection and analysis
B)its low cost
C)the use of competitor data
D)the use of verified data from government sources

Question

Quizplus · Accepted Answer

The continuous nature of data collection and analysis is a major advantage of a retail information system, as it allows for real-time monitoring and adjustments to be made to inventory levels, pricing strategies, and marketing efforts. This can result in improved efficiency and profitability for the retailer. The use of competitor data and verified data from government sources may also be advantageous, but they are not listed as the major advantage of a retail information system. The low cost is not necessarily a characteristic of a retail information system, as the cost can vary depending on the level of sophistication and customization required.

A Major Advantage of a Retail Information System Is _____