P1000-004 Online Practice Questions and Answers

Which is a characteristic of a bad IBM Dynamic Pricing opportunity?

A. Multiple "users" in the pricing process today

B. Competitive data is not available

C. B2C opportunities, especially when they have fast-moving consumer goods

D. The online business is +$150M

E. 1000s of SKUs to manage

What is the primary target persona for IBM Commerce Software?

A. Sales managers for small- to medium-sized businesses, especially when they are lacking in IT tools and support, and are looking for efficient and cost-effective solutions.

B. LOB leaders of medium-sized businesses to large enterprises, especially from marketing, merchandising, sales and customer service.

C. LOB leaders of any-sized businesses, especially from marketing, eCommerce, transportation and logistics and IT.

D. LOB leaders of any-sized businesses, especially when they already use IBM's Watson Supply Chain solutions.

What are the core focus industries for IBM Commerce Software?

A. Telecommunications, Electronics, Government and Health

B. Retail, Telecommunications, Electronics, Industrial and Manufacturing

C. Retail, Manufacturing. Energy and Banking

D. Banking, Transportation and Logistics, Industrial and Manufacturing

What is the key target market for IBM Dynamic Pricing?

A. Manufacturing companies with many different parts and prices

B. Brick and mortar retailers

C. Healthcare and insurance providers

D. Online retailers

What Watson-Customer Engagement offering can be leveraged with IBM Watson Commerce Insights Analyzer to give merchandisers broader cognitive insights into online customer behaviors?

A. Watson Content Hub

B. Watson Analytics

C. Watson Merchandising

D. Watson Order Optimizer

A company is looking to expand their digital footprint and they need to quickly capitalize on the opportunity. Which is NOT a way in which IBM Commerce Software can help?

A. Easily creates and manages unique e-commerce sites based on their different brands, customer segments or geographical marketplaces

B. Reduces the time and cost of implementation with access to Starter store templates for only B2C

C. Supports 13 languages out of the box

D. Offers local or regional marketing campaigns, promotions and pricing through one platform

Which is a key differentiator between the differing levels of packaging for IBM Watson Commerce Insights?

A. The number of order lines included.

B. The service hours included for training.

C. The ability to switch between contextual views.

D. The number of users allowed to access the instance.

Lack of actionable insights to make better pricing decisions in real-time is creating difficulty in driving business results. How does IBM Dynamic Pricing's cognitive abilities help address that?

A. Consumer behavior is monitored during the online buying process, when Dynamic Pricing sees a user-defined behavior, it can instantly offer a promotional price on a product to help drive the sale

B. Integration with Order Management software provides detailed On-Order information to Dynamic Pricing. Prices are dropped on items with excessive product in the pipeline based on user defined thresholds

C. Automated messages are sent to stores and district managers when non-compliant prices are seen in POS data

D. Rapid changes in competitor prices, a constant stream of sales and inventory data, cost changes, and updated web metrics along with other possible factors are all automatically absorbed into our dynamic modeling process.

What is a critical discovery question to help qualify an Omni-Channel Commerce solutions deal?

A. How do you consistently keep your promise when fulfilling customer orders, both online and in stores?

B.

How effectively are you able to deliver timely, relevant and personalized content, information and promotions?

C. Do you rely on business analysts/scientists to provide the accurate and timely customer insights you need to make decisions?

D. Are Supply Chain Disruptions impacting your business and effecting your margins?

Next to the VP of eCommerce, what are two other key target personas for IBM Dynamic Pricing?

A. Chief Financial Officer

B. VP of Merchandising

C. VP of IT Infrastructure

D. Head of Pricing

E. Chief Supply Chain Officer