What suggested guidelines researchers can use when deciding on the number of clusters?
What will be an ideal response?
Although there are no hard and fast rules, some guidelines are available:
? Theoretical, conceptual, or practical considerations may suggest a certain number of clusters. For example, if the purpose of clustering is to identify market segments, management may want a particular number of clusters.
? In hierarchical clustering, the distances at which clusters are combined can be used as criteria.
? In nonhierarchical clustering, the ratio of total within-group variance to between group variance can be plotted against the number of clusters.
? The relative sizes of the clusters should be meaningful.
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What is the primary target market for a best-cost provider?
A. value-conscious buyers B. value-hunting buyers C. brand-conscious buyer D. price-conscious buyers E. best-price driven buyers
Individuals who have set up a business they will own or co-own, which is less than three months old, and has not yet generated wages or salaries for the owners are known as ______.
a. potential entrepreneurs b. Prospective entrepreneurs c. new business owners d. nascent entrepreneurs
Answer the following statement(s) true (T) or false (F)
1. Open-system theory stems from cell biology. 2. One of the 10 distinguishing characteristics of open systems is “systems are cycles of events” which means that events, rather than things, provide identity. 3. If a change agent works in one part of the organization but does not consider the impact of the rest of the organization, it is considered a partial success. 4. The target for change is the individual not the system. 5. Process serves as the connection or link between pattern and the reinforcer of our support for the independent structure.
An LLC has the power to own property in its own name
Indicate whether the statement is true or false