Answer:
The correct answer is “option 1”
How frequently an item set occurs in a transaction
Explanation:
Association rule learning alludes to AI technique dependent on some arrangement of rules. It is utilized for finding the relations that exists between factors in huge databases. The reason for affiliation rules is to discover regularities that may exist between items if any enormous measure of exchange information is recorded by retail location (POS) frameworks in large commercial centers or markets. The basic model can be recurrence of event of a thing set in an exchange. This will help in finding the regularly purchased things by the individuals.
Answer:
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Answer:
Competitive intelligence
Explanation:
Competitive intelligence is the process of gathering information about your competitive environment to enhance your business decisions.
for example:
An example of competitive intelligence is that of an investment banker or trader where by he gains information from financial statement reports, industry research papers etc.., while other banker or trader gain the same information but his ability to use that information to gain valuable insights (i.e. best investment or stock at the moment) separates him from the others.
Explanation:
The purchase decision process on the Internet or on mobile devices compared to purchases in a physical store, differ according to the characteristics of each of the shopping environments.
According to Kotler and Keller, the consumer purchase decision process goes through 5 stages:
- problem or need recognition,
- information search,
- evaluation of alternatives,
- purchase,
- post-purchase behavior.
Therefore the consumer will determine which are the essential attributes when making a purchase and which ones will bring the greatest benefits.
Currently the online shopping market has grown substantially, since most individuals have access to the internet, which makes companies look for a greater online presence, which guarantees the possibility of also offering consumers greater benefits, such as greater discounts and promotions. , since, there is a reduction in systemic and physical costs when the company sells over the internet.
Therefore, online stores compared to physical stores are more likely to offer purchase and post-purchase benefits, in addition to a greater variety of products and brands available, increasing consumer choice.
Answer:
Eventually no matter how much consumer needs a certain good or service, if a monopolist charges too much for it, the demand will start to fall, e.g. if Microsoft would start charging $2,000 for Windows licenses, eventually consumers would ditch Windows and switch to other operating systems.
Even if a monopolist is able to perfectly price discriminate, at some point consumers will no longer be able or willing to pay. No matter how much bargaining power a monopolist holds, consumers' income will always limit the maximum price.