RFM Model Which of the following statements are true with respect to the RFM model...
50.1K
Verified Solution
Link Copied!
Question
Accounting
RFM Model Which of the following statements are true with respect to the RFM model of customer segmentation? Recency refers to the number of transactions a customer has made within a specific time period. A customer who has not made a transaction in the last 6 months or more is considered to be a lost customer. Monetary value of a customer can be calculated by adding the values of all the transactions made by the customer within a specific period of time
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.