Clustering Techniques Are Based on the Principle That

question 98

Multiple Choice

Clustering techniques are based on the principle that

• A) external factors can have a big impact on consumer behavior.
• B) consumers in the same neighborhood tend to buy the same products and services.
• C) ethnicity exerts a strong influence on the shopping behavior of consumers for products and services.
• D) culture exerts a strong influence on the shopping behavior of consumers for products and services.
• E) internal factors can have a big impact on consumer behavior.

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Definitions:

Revenue And Expenses

The income generated from normal business operations and the costs incurred to generate that income.

Financial Statement

A financial statement is a formal record of the financial activities and position of a business, individual, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of shareholders in a company.

Ending Capital Balance

Ending capital balance is the amount of money a company has in its capital account at the end of a financial period after all financial transactions have been accounted for.