Factor Analysis Is

question 127

Multiple Choice

Factor analysis is:

• A) a critical analysis of the factors involved in a hypothetical construct
• B) a method of logic to derive the factors used in an analytic argument
• C) an analysis of the sources underlying a scientific argument
• D) a statistical method that identifies the underlying sources of individual differences in performance on tests

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Definitions:

Supplier Activity Costs

Expenses associated with activities performed by suppliers, including procurement, delivery, and payment processing.

Customer Retention

A metric or strategy focused on keeping existing customers engaged and continuing to buy from a business over time.

Loyalty Cards

Tools used by retail businesses to reward customers for their repeated business, often through points, discounts, or benefits.

Repeat Purchases

Instances where customers buy the same product or service from a business more than once.