In product-based tailored sourcing, low-volume products with uncertain demand are obtained from a flexible source, while high-volume products with less demand uncertainty are obtained from an efficient source

Which of the following statements is true regarding the first-degree of price discrimination?

A) It is changing the price of a product due to inflation. B) It occurs when competitors charge different prices for similar products in the same market segment. C) It involves charging different prices to segments of the market according to their price elasticity or sensitivity. D) It refers to the strategy of charging a higher price for a product at the time of introduction and then gradually decreasing its price.

Which of the following fields of business analytics can be used to effectively store and efficiently retrieve information?

a. Databases and data warehouses b. Descriptive analytics c. Predictive analytics d. Prescriptive analytics