Q#2) Collecting and analyzing customer data is imperative to ensure growth and can help grocery stores predict shopping trends and buyers' habits. What ways can big data play in the future grocery store? What role do you think this data will play in creating a customized supermarket experience for shoppers?
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Q#2) Collecting and analyzing customer data is imperative to ensure growth and can help grocery stores predict shopping trends and buyers' habits.
- What ways can big data play in the future grocery store?
- What role do you think this data will play in creating a customized supermarket experience for shoppers?
NOTE** - Please be forward-thinking (This is 2030!) and use inspiration from as many different sources as possible. We value images to bring your ideas to life, in particular, your own sketches to bring your vision and ideas to life.
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