Answer:
A. Market Basket Analysis.
Explanation:
Since Yolanda used market basket analysis to analyze what her customers buy together during a single store visit, she knows to place facial tissues by the cold medicine and Wonder bread by the Skippy Peanut Butter.
Market basket analysis is a modelling technique also known as frequent item-set mining or association analysis where we evaluate the purchases which routinely occur together. For example, people who buy peanut butter also purchased bread and normal butter as well. In this way, markers can plan what products should be placed on the same shelf or near to those shelves indie a store or what recommendations should be given to online buyers.
Answer:
b. promote economic growth
Explanation:
Economic growth refers to a rise in a nation's per capita income which is accomplished by a rise in the national output and increase in the Gross Domestic Product (GDP).
Economic development on the other hand is accomplished when a nation's GDP rise is accompanied by a rise in the standard of living of it's people.
A rise in the standard of living of the people is directly related with rise in the per capita income since, per capita income is a measure depicting average income earned by a person in a region.
Thus, in order to raise the standard of living of it's people, a nation should promote economic growth.
Answer: A: International business can be riskier than domestic business but the size of the market makes it a very attractive option.
Explanation:
Answer:
a. Command system
b. Market system
c. Laissez-faire system
Explanation:
a. Command System, This is an economic system where the means of production and distribution of goods and services are owned and control by the government, in this system, the economic activities are controlled by a central planning committee.
b. Market system: A market system is an economic system where the market forces, that is the forces of demand and supply allocate resources.
c. Laissez-faire system : Under the Laissez-faire system is an economic system in where there is minimum government intervention in the economy. sometimes the words Laissez-faire system and capitalism are used interchangeably. The major difference between capitalism and laissez faire depends on the extent of government interference in the economy.
The answer is B. I just had this question on Edgenunity.
