________ Is a Procedure That First Assigns or Determines a Cluster

question 46

Multiple Choice

________ is a procedure that first assigns or determines a cluster center and then groups all objects within a pre-specified threshold value from the center.

• A)Non-hierarchical clustering
• B)Ward's method
• C)Divisive clustering
• D)Agglomerative clustering

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Definitions:

Price Sensitive

The degree to which the demand for a product or service is affected by changes in its price.

More Elastic

Refers to a situation where the demand for a product is more responsive to changes in price or other factors.

Superior Quality

A designation for products or services that exceed standard quality benchmarks, often leading to higher customer satisfaction.

Less Elastic

Refers to a situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.