How many competitors are co-located in a site and what is the performance like of the poorer performers?
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An oasis is a unique water landform: in order to be considered an oasis, the area has to be surrounded by desert, have a water source, and have vegetation. Many oases have underground water supplies called aquifers that make the land surrounding the oasis fertile enough to grow plants, like date palms.
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In a word, the principle holds that in order to draw in the most clients, firms should be situated close to the core of their target market.
Explanation:
- Clustering refers to the close proximity of competing businesses. In a word, the principle holds that in order to draw in the most clients, firms should be situated close to the core of their target market.
- Clustering is the process through which experts from many fields classify various pieces of data into related groups.
- Developers who examine the data architecture of a retail business as an example might group stock information by product, price, size, and volume.
- When developing a digital advertising campaign, marketing analysts might divide data by gender, interests, income, locations visited, and consumption preferences. Despite the size of the information universe, clustering can guide you in the right direction.
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