An orderly hierarchy of items and item categories that divides each item into a basket analysis is referred to as a:
A) cluster analysis.
B) taxonomy.
C) multi dimensional market basket analysis.
D) None of the above.

Question

Quizplus · Accepted Answer

A taxonomy is a classification scheme that arranges the elements of a particular field into categories and subcategories based on their relationships and attributes, fitting the description of an orderly hierarchy of items and item categories.

An Orderly Hierarchy of Items and Item Categories That Divides