Question

. Do you agree that a typical retail store collects huge volumes of data through its operational systems? Name three types of transaction data likely to be collected by a retail store in large volumes during its daily operations.

Answer 1

Answer:

Yes I agree.

Explanation:

A retail store collects huge transaction data that are of legal and commercial significance in the running of the store and other corporate affairs.

The examples of transaction data are as follows;

1. Purchases - This is data that a certain customer has purchased a product from the store.
2. Returns - This is data that a customer returned a product and was accepted back by the seller of the product.
3. Credits - This is data that the store has sent funds to the account of the customer for a returned product.

Answer 2

Yes I agree.

Explanation:

A retail store collects huge transaction data that are of legal and commercial significance in the running of the store and other corporate affairs.

The examples of transaction data are as follows;

Purchases - This is data that a certain customer has purchased a product from the store.

Returns - This is data that a customer returned a product and was accepted back by the seller of the product.

Credits - This is data that the store has sent funds to the account of the customer for a returned product.