What Is an Example of Using Cluster Analysis in Business

question 336

Multiple Choice

What is an example of using cluster analysis in business to create target-marketing strategies?

• A)Google search
• B)first name information
• C)zip code segmentation
• D)last name associations

Understand the concept of a complete employee network and its significance in organizational communication.

Assess the impact of core values and strategic changes on organizational communication and culture.

Understand the Timmons Model of entrepreneurship and its three driving forces.

Identify the starting point of the entrepreneurial process according to the Timmons Model.

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Definitions:

Cost Plus Contract

A type of contract where the buyer agrees to pay the seller all project costs, plus an additional amount or percentage as profit.

Allowable Expenses

Costs that are recognized under the provisions of a contract or agreement as reimbursable or claimable.

Contractor's Fee

The payment made to a contractor for their services, typically a percentage of the total cost of a construction project.

Cost Reimbursable Contract

A type of contract where the client pays the contractor for all legitimate actual costs incurred for the project plus a fee representing the contractor’s profit.