This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In about 100 words, explain what online businesses can learn from data mining (or analytical ... (Read 45 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jul 7, 2018
In about 100 words, explain what online businesses can learn from data mining (or analytical processing) activities.

Question 2

In a paragraph or two, present the basic ideas that underlie permission marketing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 7, 2018
Answer to Question 1

Data mining (also called analytical processing) is a technique that examines stored information and looks for patterns in the data that are not yet known or suspected. In CRM, analysts might apply data mining techniques to the data warehouse and find that customers often buy two specific products at the same time. By offering both products together at a reduced price whenever a customer views either product page, the company could increase sales of both products

Answer to Question 2

The practice of sending e-mail messages to people who request information on a particular topic or about a specific product is known as opt-in e-mail and is part of a marketing strategy called permission marketing.


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jul 7, 2018
Excellent

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Recognizing data clusters Recognizing data clusters
Inverse Relation Between IQ and Disease. Could this explain the Flynn effect? Inverse Relation Between IQ and Disease. Could this explain the Flynn effect?
Data from more than 22,000 men over the age of 40, showing the relationship between birth weight and ... Data from more than 22,000 men over the age of 40, showing the relationship between birth weight and ...
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Selective breeding of maze-bright and maze-dull strains of rats by Tryon (1934). (Data from Cooper, ... Selective breeding of maze-bright and maze-dull strains of rats by Tryon (1934). (Data from Cooper, ...
Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ... Flow data for a healthy donor (top panel) and a HIV positive patient. CD3 is a T-cell marker, CD4 is ...
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library