Determining the market-basket analysis

Assignment Help Macroeconomics
Reference no: EM131091748

Suppose you work at Costco or another major, national, big-box store, and you do a market-basket analysis and identify the 25 pairs of items in the store that have the highest lift and the 25 pairs of items that have the lowest lift. What would you do with this knowledge? Costco (or your big-box store) doesn't have salespeople, so up-selling is not an option. What else might you do with information about these items' lift? Consider advertising, pricing, item location in stores, and any other factor that you might adjust. Do you think the lift calculations are valid for all stores in the United States (or other country)? Why or why not? Are the 50 pairs of products with the highest lift and lowest lift the best place to focus your attention? What other 50 pairs of products might you want to consider? Explain.

Reference no: EM131091748

Questions Cloud

Object for vb script file : 1. Which line will properly create the object for VBScript File I/O?
What does the term early literacy mean : What kinds of experiences would you encourage parents to do to support early literacy? What would you discourage parents from doing? Give reasons to support your points.
Revitalisation of airasia marketing strategy : Revitalization of airasia Marketing Strategy Following QZ8501 Crash
What has happened to the company since the ipo : Discuss important financial and other facts about the company from its SEC filings.
Determining the market-basket analysis : Suppose you work at Costco or another major, national, big-box store, and you do a market-basket analysis and identify the 25 pairs of items in the store that have the highest lift and the 25 pairs of items that have the lowest lift.
Different from physician assisted death : Define the term euthanasia. Is this different from Physician assisted death?
What disparities influence abuse and neglect : What disparities influence abuse and neglect?
Description of functional requirements of system : Use cases provide a description of the functional requirements of the system. The textual description of a use case can appear in three different formats: brief, intermediate, and fully developed. The brief description consists of a paragraph that..
Who is entitled to walter''s share of the estate : Charles and Suzanne challenge the July 17 "will," arguing that the handwritten paper, even if valid as a testamentary instrument, should be void based on incapacity and/or undue influence. Are these arguments likely to succeed?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Who are pure complements in production with raw materials

Why are most labor unions--whose constituents receive wages substantially above the minimum wage strong supporters of the minimum wage Why might unions composed of skilled workers who are pure complements in production with raw materials produced

  What is the net domestic product

what is the GDP 2.what is the net domestic product 3. what is the national income 4.if real GDP in a particular year is $80 billion and nominal GDP is $240billion , what is the GDP price index for that year ?

  Calculate the utility the consumer gets

Draw the consumer's budget constraint and optimal choice when three is no tax. Calculate the utility the consumer gets.

  Illustrtae what is nash equilibrium without an enforceable

Illustrtae what is the Nash equilibrium without an enforceable contract. Explain why this is the likely outcome.

  What possible solution is suggested by the coase theorem

Almond growers in CA are very concerned. Normally, honey producers would keep their bees next to almond orchards, where the bees would gather nectar and pollinate the almond trees. Lately however, bee keepers have moved to Arizona where it is chea..

  Question about surplus

During the Great Depression, federal government swung into action to help farmers. In 1933, it established a system of price support for several agricultural products.

  Fluctuating foreign exchange rates

Why is an exporter that is to be paid in six months in a foreign currency worried about fluctuating foreign exchange rates?

  Discuss unemployment rate and government policy of australia

Discuss the unemployment rate, types, issues, and government policy of Australia and comment unemployment in various states of Australia. You need to specify in different region like NSW, WA, Tasmania, Qld or SA.

  Effects of an adverse technological shock

Explain two effects of an adverse technological shock on the labor market and on the output market - explain two effects of an adverse technological shock on the labor market and on the output market.

  What are the effects of international trade to gdp

What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.

  Illustrate what is the value of a two-month call

Illustrate what is the value of a two-month call option to buy Sony at $26. Illustrate what is the value of a two-month put option with an exercise price of $26.

  Calculating accounting and economic profits

Howard Bowen is a big cotton farmer. The land and equipment he has a current market value of $4,000,000. Bowen owes his local bank $3,000,000.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd