Market-Basket Analysis Is Used to Explore Cross-Selling Opportunities

question 22

True/False

Market-basket analysis is used to explore cross-selling opportunities.

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Definitions:

Formal Group

An official group formed within an organization, designed with a specific purpose and structured roles.

Informal Group

A naturally occurring group formed by individuals within an organization based on personal relationships and common interests.

Cohesive Group

indicates a group characterized by strong bonds and unity among its members, often leading to improved cooperation and performance.

Informal Group

A group formed naturally by individuals within an organization based on personal relationships or shared interests rather than structured, official assignments.