LLBean Has Been Reducing the Number of Catalogs It Sends

question 50

Multiple Choice

L.L.Bean has been reducing the number of catalogs it sends out while increasing its sales and profits.With _____,L.L.Bean now identifies customers who have purchased recently and often have spent considerable money.Such customers are most likely to purchase again.

• A)predictive data
• B)trending
• C)correlation analysis
• D)recency-frequency-monetary analysis
• E)hypothesis testing

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Definitions:

Generalized Reciprocity

A form of exchange where goods or services are provided without an immediate or specific return expected, often within close relationships.

Kinship Ties

Social bonds derived from common ancestry, marriage, or adoption, which establish relationships between individuals and groups in societies.

Child Labor Exploitation

The use of children in work that deprives them of their childhood, their potential, and their dignity, and that is harmful to physical and mental development.

Industrialized Nations

Countries that have undergone industrialization, characterized by significant technological advancement and a shift from agricultural to industrial economies.