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Describe Geocoding, Customer Clusters, and Location-Data Tracking

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Essay

Describe geocoding, customer clusters, and location-data tracking.


Definitions:

Dependent Variable

A variable in research or statistical analysis that is expected to change as a result of changes in another variable, known as the independent variable.

Complaints Department

A dedicated sector within a company responsible for handling customer complaints and resolving issues related to products or services.

Relevant Range

The range of activity or volume over which the assumptions about fixed and variable cost behavior are valid.

Fixed Costs

Costs that do not change with the level of output or sales in the short term, such as rent, salaries, and insurance.

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