Use the Following Table from a Cluster Analysis to Answer

question 31

Essay

Use the following table from a cluster analysis to answer the following questions.
Agglomeration Schedule for Centroid Hierarchical Cluster Analysis

-If the researcher were to stop after the centroid distance of 0.683 with 6 remaining clusters,identify each cluster and which brands are in it.

Analyze the impact of differential pricing and its benefits to a firm.

Comprehend the role of forecasting in revenue management and its importance in predicting customer behavior.

Identify and evaluate strategies to address perishable assets and optimize resource utilization.

Demonstrate knowledge of supply planning and its integration with revenue management strategies.

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Definitions:

Venture Capital

Capital provided by investors to startups and small enterprises deemed to possess significant potential for long-term expansion.

Well-Established Firms

Companies that have been in operation for a long time and have a firm position in the market.

Interest-Rate Cost-Of-Funds

The cost incurred by financial institutions to borrow funds, which influences the interest rates they charge for loans and mortgages.

Perfectly Elastic

A situation in market economics where the quantity demanded or supplied of a good changes infinitely in response to any change in price.