What Is an Example of Using Cluster Analysis in Business

question 96

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

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Definitions:

Domestic Demand

The total demand for goods and services within a country's borders.

World Price

The global market price of a good or service, influenced by worldwide supply and demand.

Domestic Price

The price of goods or services within a country's borders, as opposed to international or export prices.