Answer:
511
Explanation:
RFM analysis - recency, frequency, monetary
RFM analysis is used to analyze and rank customers according to their purchassing patterns.
RFM (recency, frequency, monetary) analysis is a behavior based technique used to segment customers by examining their transaction history such as
- how recently a customer has purchased (recency)
- how often they purchase (frequency)
- how much the customer spends (monetary)
It is based on the marketing axiom that 80% of your business comes from 20% of your customers.
RFM helps to identify customers who are more likely to respond to promotions by segmenting them into various categories
<u>Solution:</u>
Ajax Inc. is one of the customers of a well-known linen manufacturing company. Ajax has not ordered linen in some time, but when it did order in the past it ordered frequently, and its orders were of the highest monetary value. Under the given circumstances, Ajax's RFM score is most likely <u>511</u>.
Answer: The correct answer is "a. $26,000".
Explanation: Implicit costs: Also known as opportunity costs have to do with alternative profit options, or money that we no longer receive when performing certain commercial actions.
A person incurs implicit costs when he waives an alternative action.
Implicit costs: $20000 + $6000 = $26000.
Problem-solving team are known to be people or members of a team from the same department that's involved in efforts to improve work activities. Danielle belongs to a problem solving team.
Members of a problem solving team often share ideas or offer suggestions on how work processes and methods can be improved.
Problem solving is is a vital part of business. It is said as working through difficulties and overcoming challenges. It entails finding solutions helps us to excel and advance forward.
It is known to help company understand the right approach to problem solving and also to work smarter.
Learn more from
brainly.com/question/18624628
A responsibility center is any part of the firm whose manager has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.
What are the different types of responsibility center?
There are three types of responsibility center as listed below:
-Profit center
-Cost center
-Investment center
A cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.
A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.
Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.
Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.
Read more about responsibility center on:brainly.com/question/24553900
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