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

---

Definitions:

Accounts Receivable

Accounts Receivable refers to the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Inventory Level

Represents the quantity of goods or materials a company holds at a particular time, crucial for meeting production and sales demands.

Short-term Financing

Short-term financing refers to borrowing funds for a period of less than one year, often used for immediate cash flow needs.

Long-term Financing

Funding obtained for a time frame exceeding one year, used for acquiring assets, structuring mergers or acquisitions, and supporting expansive business activity.