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
Cerrena [4.2K]
3 years ago
15

What is the term that defines how recently a customer purchased items?

Business
1 answer:
KatRina [158]3 years ago
6 0
The answer is recency. This part of the RFM model. It is a marketing investigation tool used to classify a firm's best customers by calculating definite factors.

The RFM model is founded on three quantitative factors which are:

Recency - How recently a customer has made an acquisition or purchase of productFrequency – How frequent or often a customer makes a purchaseMonetary Value - How much cash a customer spends on purchases

RFM analysis often sustains the marketing saying that "80% of business comes from 20% of the customers."
You might be interested in
>Leland pays premiums of $5,000 for an insurance policy in the face amount of $25,000 upon the life of Caleb and subsequently
Ymorist [56]

Answer:

He can include $16,000 in his gross income.

Explanation:

As the life insurance policy was transferred for some valuable consideration so the amount of valuable consideration will be deducted from the insurance proceeds.

Also premium paid by the transferee will be deducted from proceeds.

Now as the transferee received $25,000 from insuarance company.

So Tylor can include $25,000 less $7,500 less $1,500 in his gross income.

He can include $16,000 in his gross income.

6 0
3 years ago
Big Valley has a times interest earned ratio that is _________, which indicates that Big Valley has _________ long-term insolven
irina1246 [14]

Answer:

C. 3.91; more

Explanation:

the first part of the question is missing. It involved several aspects of Big Valley including its current and quick ratios, ROE and how they compare to the industry's average (they are generally lower than the industry's average).

This particular question refers to times interest earned ratio = EBIT / interest expense = 3.91, and how it compares to the industry's average (it is higher than the industry's average).

Since Big Valley performs poorly against the industry's average when comparing the other 3 metrics, but performs very well in the times interest ratio, it means that Big Valley has a low debt ratio. A low debt ratio results in lower financial leverage and lower interest expense.

5 0
3 years ago
Steeler Corporation is planning to sell 100,000 units for $2.00 per unit and will break even at this level of sales. Fixed expen
Doss [256]

The company's variable expenses per unit is 1.25

<h3>What is breakeven?</h3>

Breakeven is a point at which neither profit nor loss is made. It is used to determine the number of units or dollars of revenue needed to cover total costs.

Number of units to sell = 100,000

Price per unit = 2

Fixed expense = 75000

At break even point :

Revenue = total expenses

Total expenses

= fixed cost + variable cost

Let variable cost = x

Revenue

= units to sell * price per unit

Revenue

= 100,000 * 2

= 200,000

Hence,

Fixed cost + variable cost = Revenue

75000 + x = 200,000

x = 200, 000 - 75000

x = 125,000

Variable cost = 125,000

The variable expense per unit is thus :

Variable expense / number of units

= 125,000 / 100,000

= 1.25 per unit

Hence, the company's variable expenses per unit is 1.25

Learn more about break even here: brainly.com/question/9212451

7 0
2 years ago
SOMEONE PLEASE HELP!
marin [14]



Answer:Wouldn't this count as cheating If someone found out?????

7 0
3 years ago
Which one of the following businesses would be most difficult to get funding for
kifflom [539]
Hi there,
 
A:Establish could be hard But i wouldn't say the Hardest!
B:product line would be the easiest because there getting $$$ still
C:Now A Brand of new business would be the most costly because No $$ coming in 
D:Well i don't what "is wrong" so not that one!

SO IT IS C A brand of new businesses  <span />
6 0
3 years ago
Read 2 more answers
Other questions:
  • On January 1, 2018, Byner Company purchased a used tractor Byner paid $3,000 down and signed a noninterest-bearing note requirin
    6·1 answer
  • At the beginning of 2020, Earth Co purchased a machine at a cost of $40,000. Earth Co expects the machine to remain useful for e
    6·1 answer
  • Accounting for trade in goods and services Suppose the following transactions occur during the current year:
    6·1 answer
  • A short-term lease: Multiple Choice Must be accounted for by the short-cut method if using U.S. GAAP. Is defined as having a val
    13·1 answer
  • Procter &amp; Gamble markets its popular multipurpose cleaner as Mr. Clean in North America and Asia but uses several different
    8·1 answer
  • A company's fixed operating costs are $430,000, its variable costs are $2.10 per unit, and the product's sales price is $6.00. W
    12·1 answer
  • Mabel is a single 40-year-old who has borrowed money on numerous occasions. Her payment record has been good, except she has bee
    5·1 answer
  • HELP PLEASE!
    6·1 answer
  • What economic goal does the Securities and Exchange Commission (SEC) help the government achieve the most
    12·1 answer
  • The monopoly maximizes profit by setting a. price equal to marginal revenue. b. marginal revenue equal to marginal cost. c. pric
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!