Multiple Choice
Cluster analysis has been used in marketing for all of the purposes below except .
A) identifying new product opportunities by clustering brands and products so that competitive sets within the market can be determined
B) determining how strongly sales are related to advertising expenditures
C) segmenting the market based on benefits sought from the purchase of a product
D) selecting test markets
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Formal procedures for assessing the reliability and
Q5: is a clustering procedure where each object
Q6: Which of the following is a variance
Q7: Most methods are heuristics based on algorithms.<br>A)
Q8: The average linkage method of hierarchical clustering
Q13: The _ is a nonhierarchical method that
Q14: If you are performing cluster analysis on
Q27: In the TwoStep procedure,the euclidean measure can
Q29: In cluster analysis,objects with larger distances between
Q32: _ methods are commonly used in marketing