Danielle, searching online for a hair fall control shampoo, entered the HairCare website.She noticed that the HairCare web page for shampoos also showed conditioners, hair gels, and hair dryers in the "Customers Who Bought This Item Also Bought" section in its product screens. Which of the following techniques does HairCare use in order to cross-sell its products?A) market basket analysis.
B) predictive analysis.
C) what-if analysis.
D) goal-seeking analysis.

Answers

Answer 1
Answer:

Answer:

A) market basket analysis.

Explanation:

Based on the information provided within the question it seems that the technique that HairCare is using in order to cross-sell its products is called Market Basket Analysis. This is a technique used with the belief that if an individual buys a certain product they are more likely to buy another set of specific products that are gathered from data of other people who have purchased the product alongside other items. Like HairCare is doing by having a "Customers Who Bought This Item Also Bought" section.


Related Questions

You earn 420 per week. You pay social security taxes of 7.65% federal taxes of 22% and state taxes of 5.95% What is your take home pay?
Which of the following statements is TRUE? A. Total consumer surplus is represented graphically by the area beneath the demand curve. B. Consumer surplus is the difference between the maximum price a consumer is willing to pay for a good or service and its market price. C. Bill is willing to pay $10 for a pound of clay. If he buys a pound of clay at a market price per pound of $5, his consumer surplus is $2. D. Total consumer surplus is represented graphically by the area above the demand curve.
Every year, the juice of sugar cane and sugar beets provides over 7 x 109 metric tons of _____.
What is a sales lead?
Nick works as the manager of Franklin Financial Consultants. His role involves giving tips and helping employees with regard to various financial queries. He has the ability to persuade others with his excellent communication skills. He focuses on improving the competence of the organization rather than achieving specific goals. This information indicates that Nick is a(n) ________ leader.a. task-orientedb. operationalc. autocraticd. advisory

One of the steps the U.S. Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization.1. True2. False

Answers

Answer:

The correct answer is number (1): True.

Explanation:

Due diligence refers to the exercise an individual is subject to after entering a contract with another party by which a certain standard of care is expected from the individual.  

The United States Sentencing Commission is the governmental agency in charge of reviewing sentences discrepancies and promoting fair sentencing.

In front of ethical issues within a firm, the U.S. Sentencing Commission states that the company must have disseminated a code of conduct so that the filing company can allege a violation of the due diligence employees are subject to.

When developing an ethical culture, there has to be a(n) _____ element because every organization has employees that will try to take advantage if there is an opportunity for misconduct.

Answers

Answer: Compliance

Explanation:

The compliance is the term which is used to refers to the process in which the organization and the employees follow the regulation, ethical culture and the laws according to the specific rules of the company.

 The following are some example of the compliance are as follows:

  • Social responsibility
  • Environmental risk  
  • Process risk

According to the given scenario, the developing various types of ethical culture in an organization then it has to be a compliance element. Therefore, Compliance is the correct answer.

What is one action an employer can take to lower wage levels?A. Hire only union workers.
B. Hire workers with more experience.
C. Replace some workers with machines.
D. Stop wage discrimination.

Answers

The answer is C. Replace workers with machine

It's common for a company to replace workers with maschines in order to do hard menial labour such as wrapping packages, cutting products, shaping the products, moving the raw material, etc. which could increase efficiency and lower wage levels at the same time

A candidate for political office announces the following policies which, he says, economics clearly demonstrates will lead to higher output in the long run. 1. reduce immigration from abroad 2. make trade more open between the US and other countries.

Answers

Answer:

1. False 2. True

Explanation:

1. The candidate for political office announcing that the policy to reduce immigration from abroad which, he says, economics clearly demonstrates will lead to higher output in the long run; is false.

What increases output are the factors of production of which labor is a major component. When there are more people willing and able to work in an economy, they help companies to produce more output but that is not the case when immigration is reduced, obviously that would reduce productivity and output.

2. However his second claim is right, that making trade more open between the US and other countries will increase output on the long run.

Trade barriers like tariffs and duties impede the level of trade between countries which could either reduce the amount of money countries make after netting off custom duties or the price of imported goods are increased by the effect of tariffs. Increased price means reduced demand

Hence if tariffs are replaced with subsidies in open trade, prices of U.S imported goods will fall and demand will increase.

Answer:

B) 1 shifts long-run aggregate supply left, 2 shifts long-run aggregate supply right

Explanation:

Full question

A candidate for political office announces the following policies which, he says, economics clearly demonstrates will lead to higher output in the long run: 1. increase immigration from abroad 2 make trade more open between the US and other countries. A) 1 and 2 both shift long-run aggregate supply left

B) 1 shifts long-run aggregate supply left, 2 shifts long-run aggregate supply right

C) 1 and 2 both shift long-run aggregate supply right.

D) 1 shifts long-run aggregate supply right, 2 shifts long-run aggregate supply left.

Aggregate supply, is the total supply of goods and services produced within an economy at a particular period and a specific price. It is also known as total output The increase in immigration from abroad will not increase aggregate supply or the total output thereby shifting the aggregate supply left meaning a decrease. Making trade more open between the US and other countries will increase the total output in the long run therby shifting the aggregate supply right meaning an increase in the total supply of goods and services produced in a particular period.

Assume that the interest rate on borrowings in Japan is 3 percent while the interest rate on bank deposits in a U.S. bank is 5 percent. Laura, an active currency trader, borrows in Japanese yen, converts the money into U.S. dollars and deposits it in a U.S. bank. Laura is engaging in

Answers

Answer:

"Carry Trade", is the right answer.

Explanation:

Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.

A perfectly competitive market:a. may not be in the best interests of society, whereas a monopoly market promotes general economic well-being
b. promotes general economic well-being, whereas a monopoly market may not be in the best interests of society
c. and a monopoly market are equally likely to promote general economic well-being
d. is less likely to promote general economic well-being than a monopoly market

Answers

Answer:

a. may not be in the best interests of society, whereas a monopoly market promotes general economic well-being

Explanation:

In a perfectly competitive market, there are many buyers and sellers who have no control over the price. This leads to a situation where market forces determine the price and quantity of goods or services. Perfect competition promotes general economic well-being as it ensures efficient allocation of resources, encourages innovation, and provides consumers with a wide range of choices.

On the other hand, a monopoly market is characterized by a single seller who has significant control over the price and supply of a product or service. This lack of competition can result in the monopolist charging higher prices and restricting output, which can be detrimental to consumers and society as a whole.

Therefore, while a perfectly competitive market promotes general economic well-being, a monopoly market may not be in the best interests of society.

Final answer:

A perfectly competitive market typically promotes economic well-being, offering consumer choices, innovation and lower prices due to competition. On the other hand, a monopoly can reduce consumer choice and inhibit innovation, potentially being less beneficial for society.

Explanation:

The correct option is b. promotes general economic well-being, whereas a monopoly market may not be in the best interests of society. In a perfectly competitive market, firms compete with each other selling similar products, leading to lower prices and better quality for the consumers, which in turn promotes economic well-being. In contrast, a monopoly, where a single entity controls an entire market, may charge consumers higher prices and not strive for innovation or increased efficiency, sometimes making it less beneficial for the society.

Learn more about Market Competitiveness here:

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