Answer:
The options are given below:
A. clustering
B. segmenting
C. positioning
D. customer lifetime value
the correct option is A.
Explanation:
Clustering, or cluster analysis, is a process which refers to the organization of objects or items into groups who have members with similar traits with respect to a particular criterion. In other words, a cluster refers to a collection of similar objects which are different from the objects of other clusters.
In the scenario presented above, we can see that different groups of customers exist, who have different reasons for purchasing the company's brand. These reasons are different from one group to another group, this is why a cluster analysis is the best option.
Answer:
Objective function:
Maximize Z: 30P1 + 25P2 + 28P3
Subject to: 2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)
2.50P1 + 2.00P2 + P3 ≤ 350 (Department B constraint)
0.25P1 + 0.25P2 + 0.25P3 ≤ 50 (Department C constraint)
P1, P2, P3 ≥ 0 (Non-negativity)
Explanation:
The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.
The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.
Answer and explanation:
Labor is one of the main factors that can drive a company to success or failure. When deciding where to locate production the labor-related factors to take into account are labor skills (<em>employees' knowledge</em>), labor costs and productivity (<em>wages and how their levels can affect employees' performance</em>), and labor laws (<em>employees' benefits according to where they work</em>).
Answer:
The amount of money the buyer deposits when they buy
Explanation:
Earnest money is the money a buyer pays to a seller which is usually like a deposit when they are purchasing a property to show how serious they are in purchasing the property.
When the seller gets the earnest money from the buyer, he is rest assured that the buyer is willing to purchase the property, so he gives him enough time to rally around to get the balance while he list the property off the sales market.
Without earnest money, most sellers are probably going to sell their properties to customer who brings money first.
