Market Basket Analysis Is a Kind Of

question 4

Multiple Choice

Market basket analysis is a kind of:

• A) Cluster Analysis
• B) Association Detection Analysis
• C) Statistical Analysis
• D) All of these choices are correct.

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Definitions:

Monthly Cash Budget

A financial plan projecting cash inflows and outflows on a monthly basis, used by companies to ensure liquidity and financial stability.

Costly Trade Credit

Credit taken in excess of free trade credit whose cost is equal to the discount lost.

Free Trade Credit

This describes the period during which a buyer can delay payment for goods or services received, without incurring any penalty or interest cost.

DSO

Days Sales Outstanding (DSO) is a financial metric that calculates the average time in days that a company takes to collect payment after a sale has been made, indicating the efficiency of the company's credit and collections policies.