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."
The use of the <u>internet </u>allows bank customers the ability to complete most transactions electronically without leaving home.
<h3>What is Internet?</h3>
Internet help to transmit data or information across a network, making it possible for internet user to communicate and exchange information.
Example of internet are:
- WAN which full meaning is Wide Area Network.
- LAN which full meaning is Local Area Network.
Hence, internet play an important function as it make it possible for bank customers to complete their transactions electronically or to carryout their transaction online without having to leave their various homes.
Learn more about internet here:brainly.com/question/2780939
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Answer:
$1,548,000
Explanation:
The computation of the total budgeted direct labor cost is shown below:
= Number of units to be produced × number of hours per unit × labor cost per hour
= 34,400 units × 3 hours × $15
= $1,548,000
We simply multiplied the number of units to be produced with the number of hours per unit and the labor cost per hour so that the accurate amount can come
Answer:
450 billion
Explanation:
Marginal Propensity to consume (MPC) is a ratio that measure much the investment in the economy is consumed.
Marginal Propensity to save (MPS) is a ratio that measure much the investment in the economy is saved
Marginal Consumption = $500 billion - 450 billion = 50 billion
Spending ratio = 50 / 500 = 0.1
Marginal Propensity to consume (MPC) = 0.1
Marginal Propensity to save (MPS) = 1 - 0.1 = 0.9
Spending Multiplier = 1 / MPS = 1 / 0.9 = 1.11
First Round of Multiplier
Spending 500 billion increase income 500 billion
after consuming 50 billion
In second round Spending 450 billion will increase the income by 450 billion
Answer:
November 30
Explanation:
Based on Generally Accepted Accounting Principles,( GAAP) , revenue can be recognized once the goods/servicehas been delivered. whenever sales is made, may be the company has gotten the payment for the sale of has not gotten it. The revenue recognition principle can be regarded as basis of accrual accounting as well as matching principle, all these helps to know the accounting period that revenues as well as expenses can be recognized.
From the question, on 30th November, there was large sales made by the flower shop , though payment received on December 10, Therefore, the $1,000 considered to be recognized on November 30.