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A ________ Is a Group of Products That Are Closely

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Short Answer

A ________ is a group of products that are closely related because they function in a similar manner,are sold to the same customer groups,are marketed through the same type of outlets,or fall within given price ranges.


Definitions:

Loyalty-Card Program

A customer loyalty program that rewards customers for their repeated business with benefits like discounts or free merchandise.

Iterative Process

A procedure in which repeated sequences or cycles of operations are carried out to refine results or solutions.

Predictive Modeling

The use of statistics and modeling techniques to predict future events or outcomes based on historical data.

Share Of Wallet

The proportion of a customer's total spending that is captured by a business.

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