All categories

3 years ago

What is a great example of using cluster analysis in business to create target-marketing strategies?

Business

1 answer:

Marysya12 [62]3 years ago

5 0

Answer:

The correct answer is letter "C": zip code segmentation.

Explanation:

Target-marketing strategies are achieved by segmenting the company's overall market. Segmentation allows firms to classify their clients typically by age, gender, and income but some other features such as location can be also implemented. Once the target population is spotted, organizations can choose a plan prompt advertising most likely to impact their behavior.

Thus, <em>entities can use zip segmentation to identify customers in a specific region and study their consumption patterns to try to identify profitable opportunities</em>.

You might be interested in

Endor Company begins the year with $180,000 of goods in inventory. At year-end, the amount in inventory has increased to $197,00

Flauer [41]

Answer:

6.896; 50.97

Explanation:

Average inventory = (Beginning inventory + Ending inventory) ÷ 2

= ($180,000 + $197,000) ÷ 2

= $188,500

Therefore,

Inventory Turnover ratio = (Cost of goods sold ÷ Average inventory)

= $1,300,000 ÷ $188,500

= 6.896

Days sales in inventory = 365 ÷ Inventory turnover ratio

Days sales in inventory= 365 ÷ 6.89

= 50.97

3 0

3 years ago

All other things being equal, the numerical difference between a present and a future value corresponds to the amount of interes

Valentin [98]

Answer:

im sorry but GOD BLEESED YOU

3 0

3 years ago

The subject of quentin massys's money changer and his wife (fig. 22-23) concerns itself with the challenges of __________.

Semenov [28]

<span>The challenges of the use of images in christian worships. Then the most important is living a christian life in a wordly society in their life. Then the punishment of sins is the important challenge of their life. The last one thing is the parable of the good samaritan.</span>

8 0

4 years ago

Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-

Ghella [55]

Answer:

Instructios are listed below.

Explanation:

Giving the following information:

Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days.

Wages and salaries:

Fixed= $ 2,300

Variable= $ 7.20

Estimated Wages and Salaries= 2,300 + 7.2*2,100= $17,420

3 0

4 years ago

Andy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, res

8_murik_8 [283]

Answer:

Variable cost= $73.50

Explanation:

The high low method is used to get the fixed and variable cost of a business activity given limited data. It involves taking the highest and lowest points, then comparing the total cost at these points.

We use the following formula

Variable cost= (Highest activity cost - Lowest activity cost)/ (Highest activity unit - Lowest activity unit)

Variable cost= (207,250- 97,000)/ (5,900-4,400)

Variable cost= 110,250/ 1,500

Variable cost= $73.50

6 0

3 years ago