Which of the Following Best Describes the Type of Data

question 170

Multiple Choice

Which of the following best describes the type of data analysis that focuses on the composition of the bundle of products purchased by a household during a single shopping occasion?

• A) Shopping basket analysis
• B) Shopping cart analysis
• C) Grocery cart analysis
• D) Market basket analysis
• E) Merchandising analysis

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for goods or services necessary for conducting business.

Items

Individual objects or units, especially those included in a list or collection.

Economic Profits

The difference between total revenue and the total costs (both explicit and implicit costs) of a company, indicating the surplus generated from business activities.

Savings Account

An account for holding deposits at a bank or another financial entity, ensuring the safety of the principal amount while offering a slight interest rate.