Clustering Techniques

question 228

Multiple Choice

Clustering techniques

• A)help sellers fine-tune the marketing effort with information from a detailed customer database.
• B)establish how customers think about proposed or present brands in a market.
• C)try to find similar patterns within sets of data.
• D)group customers into heterogeneous segments.
• E)use intuition and judgment to do what was previously done by computers.

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Definitions:

Committed Fixed Costs

Long-term fixed costs that a business incurs from its commitments, such as leases or contracts, which are difficult to change in the short term.

Depreciation

Depreciation is the accounting method of allocating the cost of a tangible asset over its useful life, reflecting its consumption or wear and tear over time.

Highly Trained Engineers

Professionals with advanced education and training in engineering disciplines, contributing expertise to projects and innovations.

Traditional Format

A standard format used in accounting or reporting that follows longstanding, established guidelines.