Question

Computer programs are used to analyze extremely large collections of data to reveal all of the following except ________.

Question 1 options:

	information on customers' buying habits
	future events
	customers' personal profiles (age, gender, interests, purchases, etc.)
	credit history

Question 2 (1 point)

Which of the following is false about dynamic pricing?

Question 2 options:

	It has been used by the St. Louis Cardinals to price tickets to its games
	Revenue optimization is an example of dynamic pricing
	In setting a price using dynamic pricing, a seller considers consumer demand and interest in alternative products
	All consumers are happy with dynamic pricing

Answer 1

Answer 1: Information on consumer buying habits

Explanation: A large amount of consumer data is analysed by the large computer programs in order to determine the information on the buying habits of the customer.

Answer 2: In setting a price using dynamic pricing, a seller considers consumer demand and interest in alternative products

Explanation: Dynamic pricing determines the price using factors like consumer demand changes and the alternatives available to the consumers.