Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You work as the lead marketing researcher for a major retailer. The data scientists on your team explain that it is now possible to use

You work as the lead marketing researcher for a major retailer. The data scientists on your team explain that it is now possible to use in-store and online purchase behavior to determine lifestyle changes in customers. In fact, you can now track when female customers become pregnant based solely on a few small changes in purchase behavior. For example, a female customer may have previously purchased a scented body lotion but suddenly switches to unscented lotion. Another sign of pregnancy can be seen in the purchase of pre-natal vitamins. Given that this type of life transition is an opportune time to build loyalty among your customers, the way you handle and track purchase behavior is critical.
Should you use this information to begin marketing maternity and baby-related products and services (e.g., baby registry)?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Supply Chain Management A Global Perspective

Authors: Nada R. Sanders

1st Edition

0470141174, 978-0470141175

More Books

Students also viewed these General Management questions

Question

Poor people will always exist. Comment.

Answered: 1 week ago

Question

Conjectural knowledge is reffered as.....?

Answered: 1 week ago