CIMA E3 Strategic Management E3 Question # 74 Topic 6 Discussion

CIMA E3 Strategic Management E3 Question # 74 Topic 6 Discussion

E3 Exam Topic 6 Question 74 Discussion:
Question #: 74
Topic #: 6

QQQ is Country M's largest supermarket with 40% of the market share. In addition it has opened several stores around the world in the last 10 years. One of the reasons for QQQ's success is its loyalty card. The loyalty card is used to gather information about the spending patterns of its customers. Around two billion pieces of information each week are captured and stored in an enormous data warehouse that can be accessed by QQQ and other selected large retail partners.

 

The information can be used to assess the success of new product launches as well as which demographics of customer are making the purchases. The system also allows QQQ to tailor its special offers to particular segments of the market and to predict the buying behaviour of its customers, which assists QQQ in procurement planning.

 

Which of the following best describes the activities outlined above for QQQ?


A.

Customer relationship management


B.

E-business


C.

Market segmentation


D.

Data mining


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