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arsen [322]
4 years ago
11

Many consumers buy soft drinks and potato chips together when they shop at a grocery, convenience, or mass merchandiser store. B

ut when querying its marketing information system (MIS), one convenience store discovered that when consumers bought a sandwich, many also purchased toothpaste. This information was obtained from checkout scanner data from its stores nationwide. This convenience store used________ to extract this hidden information from its MIS to find the statistical link between the two product categories.
Business
1 answer:
Molodets [167]4 years ago
8 0

Answer:

Data mining

Explanation:

Data mining is the process in which we can extract the raw data into useful data that would become beneficial for the company.

Large data is available and if we take the data i.e important or useful so this process we called data mining

In the given situation, it is discovered that when the consumers purchased a sandwich so many customers purchased toothpaste along with it. And for extracting the hiding information from its MIS the store used the data mining technique.

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Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $90 each. Direct materials cost $15 per
pogonyaev

Answer:

The gross profit margin for the cat condo is 50%

Explanation:

Since the gross profit per unit is not given, so first we have to find it. The calculation is shown below:

= Selling price per unit - Direct materials cost per unit - direct labor costs per unit - Manufacturing overhead per unit

= $90 per unit - $15 per unit - $10 per unit - $20 per unit ( $10 per unit × 200%)

= $45 per unit

Now apply the Gross profit formula which is shown below:

= (Gross profit per unit ÷ selling price per unit) × 100

= ($45 per unit ÷ $90 per unit) × 100

= 50%

7 0
3 years ago
The vice president of Oreon Inc., an international chain of hotels, announces that he will retire from his post after 2 years. F
quester [9]

Answer:

executive succession

Explanation:

Executive succession -

It refers to the process , where the board of directors collectively elects and grooms the upcoming leader , who would be leading the company or organisation after the previous leader will retire , is referred to as the process of executive succession .

The process require corporation and collectiveness of all the decisions and information , as the new leader is very important for the success of the company .

Hence , from the given scenario of the question ,

The correct term is executive succession .

7 0
3 years ago
How do exports and imports affect a nation's economy?
matrenka [14]
We import goods from other countries when they are harder to make in ours, we export goods to other countries when the goods are harder to make or obtain in theirs. if a nation exports more than it imports, a surplus is created. When a country imports goods more than it exports, it creates a trade deficit. A trade deficit in a nation causes it to have to borrow from other countries in order to pay for the imports. On the other hand, a surplus is much healthier for the economy light of the fact that it boosts economic output.
6 0
4 years ago
Chris and Jordan are a two-person household. Chris's market hourly wage is $40, but Chris can also produce $20 of household prod
andrezito [222]

Answer:

A. Jordan specializes in household production, while Chris specializes in marketplace work.

Explanation:

Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.

6 0
3 years ago
How to succeed in business without really trying characters?
Natali [406]

Explanation:

by investing

make a calendar for the goals to be achieved

6 0
3 years ago
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