The Clustering Techniques That Can Be Used in Segmenting

question 61

Multiple Choice

The clustering techniques that can be used in segmenting:

• A) eliminate the need for management intuition and judgment.
• B) group people together into heterogeneous product-market segments.
• C) try to find similar patterns within sets of data.
• D) All of the above are true
• E) None of the above are true.

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Definitions:

Family Leave

An approved absence from work, typically for the birth or adoption of a child or for the care of family members.

Medical Leave

Authorized absence from work granted to an employee due to health reasons, ensuring job protection and, in some cases, continued pay.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often also covering regular check-ups and preventive health care.

Business Structure

Refers to the organization of a company in terms of its legal status, such as partnership, corporation, or sole proprietorship, affecting its management, operations, and taxation.