Question 1

Which is TRUE of Stich Fix?

Accepted Answer

A)   Their business model is such that they offer exclusive lines of clothing, albeit for normal prices.
B)   Their business model is such that they offer exclusive lines of clothing at a fraction of the cost that the same clothes would retail for in stores.
C)   Their business model offers neither exclusive brands nor reduced prices, instead relying on experience and relevance.
D)   Their business model is such that they offer no exclusive clothing lines, however their appeal lies within their transparent pricing and ethical and sustainable clothing options.E) None of the above
F) B) and C)

Question 2

Which of the following is TRUE of Stitch Fix's business model compared to their competitors?

Accepted Answer

A)   They create more new products to attract customers.
B)   They offer the lowest price.
C)   They ship faster.
D)   They understand their customers better.E) B) and C)
F) A) and D) D

Question 3

Stick Fix utilizes a process known as ___________ to gain a deeper understanding of its clients' preferences and style choices, while simultaneously collecting data on its merchandise that feeds into ___________ that help determine merchandise best suited for clients.

Accepted Answer

A)   social media scanning; analytics
B)   dark analytics; algorithms
C)   deep analysis; merchandising databases
D)   unique identification; branded contentE) A) and B)
F) None of the above

Question 4

Stitch Fix's highest level of analytics is _______.

Accepted Answer

A)   descriptive
B)   predictive
C)   prescriptive
D)   presentationE) A) and D)
F) B) and D) B

Question 5

__________ decide what data should be stored in an organization's data warehouse.
a) Customers
b) IT people
c) Managers
d) Users

Accepted Answer

intelligence, design, choice

Exam 12: Business Analytics

Which is TRUE of Stich Fix?

Correct Answer
verified

Which of the following is TRUE of Stitch Fix's business model compared to their competitors?

Correct Answer
verified
D

Stick Fix utilizes a process known as _ to gain a deeper understanding of its clients' preferences and style choices, while simultaneously collecting data on its merchandise that feeds into _ that help determine merchandise best suited for clients.

Correct Answer
verified

Stitch Fix's highest level of analytics is _______.

Correct Answer
verified
B

__________ decide what data should be stored in an organization's data warehouse. a) Customers b) IT people c) Managers d) Users

Correct Answer
verified
intelligence, design, choice

Exam 12: Business Analytics

Which is TRUE of Stich Fix?

Correct AnswerverifiedShow Answer

Which of the following is TRUE of Stitch Fix's business model compared to their competitors?

Correct AnswerverifiedD

Stick Fix utilizes a process known as ___________ to gain a deeper understanding of its clients' preferences and style choices, while simultaneously collecting data on its merchandise that feeds into ___________ that help determine merchandise best suited for clients.

Correct AnswerverifiedShow Answer

Stitch Fix's highest level of analytics is _______.

Correct AnswerverifiedB

__________ decide what data should be stored in an organization's data warehouse. a) Customers b) IT people c) Managers d) Users

Correct Answerverifiedintelligence, design, choice

Correct Answer
verified

Correct Answer
verified
D

Stick Fix utilizes a process known as _ to gain a deeper understanding of its clients' preferences and style choices, while simultaneously collecting data on its merchandise that feeds into _ that help determine merchandise best suited for clients.

Correct Answer
verified

Correct Answer
verified
B

Correct Answer
verified
intelligence, design, choice