In cluster analysis, the set of variables selected should describe the similarity between objects in terms that are relevant to the marketing research problem

Indicate whether the statement is true or false

TRUE

Business

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For years, Mercedes-Benz utilized a ________ pricing strategy; however, this created an opportunity for Toyota to introduce its luxury Lexus line and undercut Mercedes

A) gray market B) skimming C) penetration D) market holding E) cost-based

Business

Juan Garcia plans the daily promotional releases about his company's products and services. He can be described as a(n) ________ planner

A) strategic B) selective C) tactical D) niche E) operational

Business