A Scree Plot Gives a Simple,but Fairly Crude,visual Representation of

question 70

Multiple Choice

A scree plot gives a simple,but fairly crude,visual representation of

• A) how quickly the quality of the factors degrade in terms of incremental variance
• B) the hierarchy of the clustering solution
• C) which segments correspond to which clusters
• D) the factor loadings for each of the factors

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Definitions:

Quality Evaluation

The process of assessing the degree to which a product or service meets specified standards and satisfies customer expectations.

Organic

Relating to or derived from living matter; in business, it often refers to growth or processes that occur naturally within the organization.

Technical Skills

The specific knowledge and abilities required to perform tasks related to science, engineering, technology, or other specialized fields.

Market Survey

A research method used to collect information about consumers' needs and preferences in a specific market.