1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Valentin [98]
3 years ago
6

Why does the “rfm” rubric present the three key measures (recency, frequency, and monetary value) in that order?

Business
1 answer:
snow_lady [41]3 years ago
5 0

The order of the attributes in RFM conforms to the order of their importance in ranking customers. Recency is the most important factor. Recency alone won’t sort out your good customers from your new ones. You need frequency for that. Frequency measures the intensity of a customer’s relationship with your business. How much a customer spends on average or in total is the final measure of his or her monetary value.

You might be interested in
Tom rented an apartment from margaret on a month-to-month basis, with rent due on the first of the month. this type of tenancy i
Alborosie
False. 

This is a periodic tenancy because Tom, as the tenant, may rent the apartment for successive periods under his lease, despite being "month-to-month." A tenancy at will, however, allows either the landlord or the tenant to terminate the arrangement at any time because there is more flexibility in the arrangement.

One key difference is the issue of the tenant's notice to vacate the apartment. Under periodic tenancy, the law typically requires the tenant to give at least one period (here, one month) notice to the landlord of the tenant's wish to leave the property. No such notice requirement is typically found within a tenancy at will. 
3 0
2 years ago
Cyclical unemployment:_________
STatiana [176]

Answer: Occurs only during a recession.

Explanation:

Cycling unemployment is a kind of unemployment where company lay-off workers because they can't meet up with their payments: as a result of a general drop in the demand for goods and services in the economy of country.

Cyclical unemployment are very common in recessions as companies then massively drop workers in their establishment due to general low economic activities.

8 0
3 years ago
First, find if a country's RGDP grows on average at 3% per year, how long will it take for this country to double its RGDP. If,
sasho [114]

Answer:

At the growth rate of 3% per year

Number of years taken to double the GDP = 23.33 years

The the GDP will double ( 23.33 - 20 ) 3.33 years earlier at 3.5% growth rate

Explanation:

According to the rule of 70

Number of years taken to double the GDP = 70 ÷ [ Growth rate ]

Thus,

At the growth rate of 3% per year

Number of years taken to double the GDP = 70 ÷ 3

= 23.33 years

Further

if the growth rate is 3.5% per year

Number of years taken to double the GDP = 70 ÷ 3.5

= 20 years

Hence,

The the GDP will double ( 23.33 - 20 ) 3.33 years earlier at 3.5% growth rate

6 0
3 years ago
What type of body language are helpful when saying no to a situation
Roman55 [17]
Not slouching. having good eye contact. have good hand gestures. 
7 0
3 years ago
What is the differents<br> between sole trading and partnership​
ycow [4]
Sole trading is a business conducted by one person. A partnership is a business conducted by two or more people. Brainliest please :)
4 0
2 years ago
Read 2 more answers
Other questions:
  • Match the items below to show the risks, benefits, and powers of stockholders. A. Risk of being a stockholder B. The benefit of
    15·2 answers
  • You spent $500 last week fixing the transmission in your car. Now, the brakes are acting up and you are trying to decide whether
    12·1 answer
  • Reactive firms do not consider exporting until their domestic market is saturated.
    13·1 answer
  • outline and explain how businesses can apply john kotter's 8 steps of leading change in the workplace
    13·1 answer
  • Financial literacy includes information about income, banking, loans, and credit cards.
    6·2 answers
  • On January 1, 2021, Laramie Inc. acquired land for $6.2 million. Laramie paid $1.2 in cash and signed a 6% note requiring the co
    14·1 answer
  • On December 31, 2021, L Inc. had a $3,500,000 note payable outstanding, due July 31, 2022. L borrowed the money to finance const
    11·1 answer
  • Green Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased b
    11·1 answer
  • What type of network allows users to share files without the use of a computer server?
    9·1 answer
  • Reedy Company reports the following information for 2012:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!