Question

For a small business, they have transaction data with information about the location of purchase, and product type purch...

For a small business, they have transaction data with information about the location of purchase, and product type purchased by all  customers. The business is looking to know their customer base better and potentially use this to inform their future marketing plans in other areas. What would be the general process, statistical models, and segmentation methods that could accomplish this task from this bare minimum of data provided.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Once you have developed you businecs these fe P Fdmula you should Contrially yous businecc autivibles. to evaluate and reevalBuild you onlfne pdesence with a busine website and Cocial media Cut youV business Costa Go mobile ue the eloud yFiod and hee

Add a comment
Know the answer?
Add Answer to:
For a small business, they have transaction data with information about the location of purchase, and product type purch...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • I need a summary and your thought about this article How to Put Ethics in E-Business....

    I need a summary and your thought about this article How to Put Ethics in E-Business. Although the growth of e-commerce continues to provide businesses with more opportunities, the e-commerce industry faces many of the same ethical issues as traditional brick-and-mortar businesses. A key advantage of conducting e-business is that it gives small businesses access to a broader consumer market so they can compete with larger businesses. However, it’s up to the business owner to let customers know that a...

  • Please read this article about “customer profiling” summarize it and write a paragraph or 2 that...

    Please read this article about “customer profiling” summarize it and write a paragraph or 2 that consists of 300 words about it. Thank you! exp erienceux Home Services Clients About Ux Blog Careers Contact Sometimes questions are important more than answers CX What is customer profiling? our enceux Home Services Clients About UX Blog Careers What is customer profiling? Customer profiling is a way to create a portrait of your customers to help you make design decisions concerning your service....

  • Summarize the following information in easily way and in simple words as your understanding without missing the keywords. ( the Question will be 25 on this information in final ) MARKETING RESEARCH FO...

    Summarize the following information in easily way and in simple words as your understanding without missing the keywords. ( the Question will be 25 on this information in final ) MARKETING RESEARCH FOR THE NEW VENTURE Information for developing the marketing plan may necessitate conducting some marketing research. Marketing research involves the gathering of data to determine such information as who will buy the product or service, what is the size of the potential market, what price should be charged,...

  • Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith....

    Showtime Sound & Lighting (SSL) Inc. is one of three small businesses owned by Tom Smith. SSL’s line of business is centered on providing services for the local entertainment industry as well as other organizations such as civic groups and churches in need of support for large gatherings. SSL’s services range from simple DJ services to rental and sale of audio, video, and lighting equipment. Support may be provided on either a continuous or a one-time basis. SSL has noticed...

  • Assignment 3: Introduction & Environmental Analysis, SWOT, Marketing Objectives (Goals) Marketing 4100 Directions Total Point Value:...

    Assignment 3: Introduction & Environmental Analysis, SWOT, Marketing Objectives (Goals) Marketing 4100 Directions Total Point Value: 75 points Anticipated Time to Complete: 12 hours Type of Assignment: Individual or Team Audience for Assignment: The CMO and your boss, a director-level person who relies on your evidence-supported reports to make the best decisions in a minimum amount of time. Assignment Objective: To write the marketing plan introduction as well as to collect and analyze data about the environment in which the...

  • please answer question 3. Please do take some updated information about Sears regarding their possible Bankruptcy and could the data be a tangible asset used for liquidation. Answr should be at least...

    please answer question 3. Please do take some updated information about Sears regarding their possible Bankruptcy and could the data be a tangible asset used for liquidation. Answr should be at least 2 paragraph. The shrinkage data, combined with sale and purchase data, has expanded the organization 2009, Sears decided to begin an initiativ closer to its customers. They wanted to achieve objective by implementing Big Data technol However, their IT capabilities were not up to the It is clear...

  • e-Business Strategy and Models in Banks : Case of Citibank E-business strategy in Citibank: Banks today...

    e-Business Strategy and Models in Banks : Case of Citibank E-business strategy in Citibank: Banks today are up-to-date with both the pros and cons of the internet. They are aware of the opportunities and threats that are associated with the Web. Not a single traditional bank is brave enough to face investment analysts without an Internet strategy. But even a very thoughtful approach to the Web may do no good to the company/ organization. The main purpose behind launching online...

  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

  • From Janis Joplin to Jay-Z, The Eagles to Outcast, Kanye West to Mariah Carey, generations of...

    From Janis Joplin to Jay-Z, The Eagles to Outcast, Kanye West to Mariah Carey, generations of singers and songwriters have been inspired to mention Mercedes-Benz in their lyrics. Whether the brand offers a dreamed-of aspiration that they hope to access someday, or a signal of their wealth and power, Mercedes appeals to the musicians as well as their audiences. When lyricists beg for a Mercedes, or brag about how many sit in their garages, listeners around the world know exactly...

  • How do you feel about airlines mining your in flight data? Is this any different from companies mining your credit...

    How do you feel about airlines mining your in flight data? Is this any different from companies mining your credit card purchases or web surfing? IDENTIFYING MARKET NICHES IN THE AGE OF BIG DATA With the amount od data avallable to companies dou questions can be answered, authors wll need bling every year, nee sources of data, and innova- tions in data collection, possibilities foe marketers to on the large publishing houses signing deals with dentify market niches and finely...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT