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.
16 1/12 hours. To make it easier add up all the whole numbers first then find the common denominator, which is 12. Turn all the fractions into fractions with the denominator of 12 add those up and you shall get 16 1/12.
Begin by conducting a needs assessment. Be able to tie the need for training to the organization's goal. Provide effective communications to ensure employees understand the value of taking time to attend the program.
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In the resource market we find the materials required for production.
<h3>What is resource market?</h3>
The resource market refers to a market where it is possible to find all or some of the resources that are necessary for the production of goods and services.
Businesses depend on the resource materials for the supply of materials that aid the process of production hence the both are interdependent on each other. It is different from product markets which involves the sale of finished goods to consumers.
Learn more about resource markets: brainly.com/question/3964664
Answer:
The correct answer is letter "B": Concurrent engineering.
Explanation:
Compared to the traditional model in which the design is drawn chronologically and methodically, concurrent engineering is a method that allows working in parallel. This model is based on the idea that designers must consider all the stages a product goes through, from the moment when it is an idea until it reaches end-consumers.
This implies the <em>design of the product, its production, quality measurements, market demand, </em>and <em>its positioning among competitors.</em>
