6.What best describes the example/instance for building a model to identify cross-sell opportunities (trying to convince people to adopt a new product category - say jewelry - that they have not bought in before)? A. Any current customer. B. Any new customer who might be interested in jewelry. C. All current customers who up to a certain point in time have NOT bought in the jewelry category. D. All current customers who up to a certain point in time have NOT bought in the jewelry category but did buy jewelry in the next time frame.
6.What best describes the example/instance for building a model to identify cross-sell opportunities (trying to convince people to adopt a new product category - say jewelry - that they have not bought in before)? A. Any current customer. B. Any new customer who might be interested in jewelry. C. All current customers who up to a certain point in time have NOT bought in the jewelry category. D. All current customers who up to a certain point in time have NOT bought in the jewelry category but did buy jewelry in the next time frame.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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6.What best describes the example/instance for building a model to identify cross-sell opportunities (trying to convince people to adopt a new product category - say jewelry - that they have not bought in before)?
A. Any current customer.
B. Any new customer who might be interested in jewelry.
C. All current customers who up to a certain point in time have NOT bought in the jewelry category.
D. All current customers who up to a certain point in time have NOT bought in the jewelry category but did buy jewelry in the next time frame.
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