CRA Technology & Digital Tools 3

Question 1

A retailer implements dynamic pricing technology. Which factor would this system most likely use to adjust prices in real time?

Accepted Answer

Competitor pricing, demand signals, and inventory levels

Answer

Dynamic pricing engines continuously analyze competitor prices, real-time demand, and stock levels to optimize price points automatically.

Question 2

Which technology is central to enabling 'just walk out' cashierless retail experiences?

Accepted Answer

Computer vision, sensor fusion, and machine learning

Answer

Cashierless stores combine overhead cameras (computer vision), shelf weight sensors, and AI to automatically identify items taken and charge shoppers.

Question 3

In retail data warehousing, what does ETL stand for?

Accepted Answer

Extract, Transform, Load

Answer

ETL describes the process of extracting data from source systems, transforming it into a consistent format, and loading it into a data warehouse.

Question 4

A CRA is assessing a retailer's clienteling app. What is the main purpose of clienteling technology?

Accepted Answer

Equipping associates with customer purchase history to personalize service

Answer

Clienteling apps give store associates access to individual customer profiles—purchase history, preferences, wishlist—to deliver personalized interactions.

Question 5

Which cloud deployment model gives a retailer the most control over their data security and infrastructure?

Accepted Answer

Private cloud

Answer

A private cloud is dedicated exclusively to one organization, offering the greatest control over security policies, compliance, and infrastructure configuration.

(CRA) Certified Retail Analyst Practice Test

(CRA) Certified Retail Analyst Practice Test

CRA Technology & Digital Tools 3