What Is a Common Association Detection Analysis Technique Where You

question 396

Multiple Choice

What is a common association detection analysis technique where you analyze certain items to detect customers' buying behavior and predict future behavior?

• A)Clustering factors
• B)Mashup technology
• C)Market basket analysis
• D)Drill-down basket analysis

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Definitions:

Break-Even Point

The financial analysis term where total costs and total revenues are equal, resulting in no net loss or gain for the business.

Contribution Margin

Contribution margin is the amount remaining from sales revenue after variable expenses are deducted, showing how much contributes to covering fixed costs and profit.

Fixed Costs

Costs that remain constant regardless of a company's operational levels, including rent, wages, and insurance fees.

Absorption Costing

An approach for assigning costs to a product that integrates all aspects of manufacturing expenses, from direct materials and labor to both types of overheads - fixed and variable.