What Is Affinity Grouping

question 86

Multiple Choice

What is affinity grouping?

• A) Determines values for an unknown continuous variable behavior or estimated future value
• B) Determines which things go together
• C) Segments a heterogeneous population of more homogeneous subgroups
• D) Assigns records to one of a predefined set of classes

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Definitions:

Collection Cost

Expenses incurred in the process of collecting payments from customers, including billing, processing, and legal actions.

Supply Chain Surplus

The total value generated by all participants in the supply chain, often measured as the difference between customer value and the supply chain cost.

Logistics Driver

Critical factors that influence the efficiency and effectiveness of a company's logistics and supply chain operations.

Sourcing

The process of finding, evaluating, and engaging suppliers of goods and services to fulfill business requirements.