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What is an example of using cluster analysis in business to create target-marketing strategies?
Workman's Compensation
Insurance that provides wage replacement and medical benefits to employees injured in the course of employment.
Factory Utilities
Costs associated with utilities in a manufacturing plant, such as electricity and water, considered part of manufacturing overhead.
Direct Materials
Raw materials that are directly traceable to the process of creating a finished product.
Cost of Goods Sold
The total cost of manufacturing or acquiring a product that is sold to customers, including materials and labor but not distribution or sales costs.
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