BUSINESS HIGH SCHOOL

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

Answers

Answer 1
Answer:

Answer:

data mining

Explanation:

In business, Data mining is the act of obtaining information about customer's behavior that might be use for the company's benefit.

On most cases, Data mining is used to predict the behavior of a certain group of customers. By creating this prediction, the company could create a product or marketing strategy that can efficiently target that group.

in the excerpt above,

The shop obtain the data that a lot of consumers who bought sandwich also bought toothpaste a long with it.

From this data, the shop could make assumption that there is a correlation between the sandwhich and the tooth paste. (Maybe many of sandwhich buyers need the toothpaste to remove the sandwich's smell from their mouth). The shop could use this data and arrange the placement of the toothpaste so it's close to the sandwhich with the hope that it might increase its sales.

Related Questions

What is the purpose of the Electronic Funds Transfer Act?
Which of the following is a formal research method? Group of answer choices Talking with your boss Organizing a focus group Brainstorming Looking in company files
Which of the following financial statements shows a company’s financial position on a particular date? a. Income statement b. Statement of changes in retained earnings c. Statement of cash flows d. Balance sheet
A form that asks questions about a job seeker's skills, work experience, and education.Job application Job objective Résumé Personal employer
The following information is available for Tye Company at December 31: Beginning inventory $80,000; Ending inventory $120,000; Cost of goods sold $1,200,000; and Sales Revenue $1,600,000. Tye's inventory turnover is(A) 16 times(B) 10 times(C) 15 times(D) 12 times

You invest​ $1,000 at a variable rate of interest. Initially the rate is​ 4% compounded annually for the first​ year, and the rate increases oneminushalf of one percent annually for five years​ (year two's rate is​ 4.5%, year​ three's rate is​ 5.0%, etc.). How much will you have in the account after five​ years?

Answers

Answer:

You will have $1,276 in your account after 5 years.

Explanation:

The interest rate information is given for 6 years but the question is only asking the amount after 5 years, so I only make the calculation for that.

Rate in:

  • first year: 4%
  • second year: 4.5%
  • third year: 5%
  • fourth year: 5.5%
  • fifth year: 6%

Assuming interest in compounded throughout five years, the amount you will have in your account is:

FV = 1,000 * (1 + 0.04) * (1 + 0.045) * (1 + 0.05)*  (1 + 0.055) * (1 + 0.06) = $1,276

A proven product, established management systems, and customer goodwill are three advantages of _____.a. joining a family business
b. starting a new business
c. buying a franchise
d. working from home Please select the best answer from the choices provided A B C D

Answers

Answer: C. Buying a franchise

Deciding and buying a franchise can be tedious task considering a lot of factors to be consider. However, a franchise is already advantageous when it has a proven product, has already established a management system and lastly, the customer goodwill must be present. 

Answer:

Just verifying for my anxious people that need to know it's right... they're right it's c. buying a franchise just took the test

The Davidsons built a new porch on their property. The porch added $2,000 to the property's market value. This is an example of the ________ principle of value.

Answers

Answer:

contribution

Explanation:

Based on the scenario being described within the question it can be said that this is an example of the contribution principle of value. This principle states that the value of a specific element is measured in comparison to what it adds to the value of the property as a whole. Which in this case would be $2000 as that is what the porch adds (contributes) to the value of the entire property.

Adele has 364 ounce cartons of orange juice and 348 ounce cans of apple juice how much juice does she have altogether

Answers

Adele has 710 ounces of juice. 364+348 = 710.
Add 364+348 which is 712.

A key modifying assumption in internal control is that the internal control system is the responsibility of management.a) true
b) false

Answers

Answer:

a) true

Explanation:

Internal control system is the whole system of control financial and otherwise established by management in order to carry on the business of the enterprise in an efficient and orderly manner and to secure the integrity of the records and books of accounts.

The internal control is a management control tools used to ensure efficiency in operations.

Andrea started a taxi business by transferring her car, at a value of $5,000, into the business. What accounting entries are required to record this transaction?

Answers

To record Andrea transferring her car valued at $5,000 into her taxi business, you would typically make the following accounting entries:

Debit (Increase) the "Assets" account:
Debit "Taxi Car" or "Vehicle" account for $5,000.
Credit (Increase) the "Owner's Equity" or "Capital" account:
Credit "Owner's Equity" or "Capital" account for $5,000.
This entry reflects that the value of Andrea's car is now an asset of the taxi business, and her ownership stake in the business (equity or capital) has increased by the same amount. Please note that specific account names and details may vary depending on the accounting system and chart of accounts used by the business. It's advisable to consult with an accountant or use accounting software for precise record-keeping.
Other Questions
In Fiedler's contingency theory, the term ____ refers to the degree to which leaders are able to hire, fire, reward, and punish workers.a. task structure b. leader-member relations c. situational favorableness d. position power E. situational unfavorableness
Custom actions help your users by: A. Allowing them to create custom records B. Giving them more ways to open, view, edit, and delete custom records C. Making work feel more like playing a video game D. Making it fast and easy to interact with information in your organization
Suppose the economy is producing at the natural rate of output. Assuming a fixed natural rate of output and everything else held constant, the development of a new, more productive technology will cause ________ in the unemployment rate in the short run and ________ in inflation in the short run.
What are the steps involved in the financial planning process?